§ Mr. McBrideasked the Minister of Housing and Local Government and Minister for Welsh Affairs what was the 90W average size in square feet, the average building cost, the average annual loan charges, and the total cost of three-bedroom local authority houses built in Wales for each year since 1951.
§ Sir K. JosephThe table below gives the desired information. The figures given are for houses in tenders approved in each year. The cost of land and site works have not been included. In calculating annual loan charges the Public Works Loan Board rate for long term borrowing on 30th June each year has been used. Much house-building by local authorities is, however, now financed by borrowing on the open market for much shorter periods than 60 years.
(1) (2) (3) (4) (5) Year Average size in sq. ft. Average building cost Annual loan charges over 60 years Total cost (number of 3-bedroomed houses by average cost) £ £ £ 1951 … 1,042 1,404 50 8,501,220 1952 … 959 1,445 67 9,336,145 1953 … 924 1,414 65 7,748,720 1954 … 906 1,425 60 11,328,750 1955 … 927 1,459 64 6,175,947 1956 … 912 1,526 87 6,096,370 1957 … 924 1,566 90 5,360,418 1958 … 913 1,591 102 3,743,623 1959 … 900 1,592 95 5,291,808 1960 … 889 1,623 98 5,744,240 1961 … 910 1,713 110 5,550,120 1962 … 917 2,023 139 7,703,584 1963 … 930 2,222 132 11,176,660