§ Mr. Sillarsasked the Secretary of State for Scotland what is the average capital cost of local authority three-apartment and four-apartment houses; and what is the estimated economic rent in each case.
§ Mr. Gordon CampbellThe average capital costs of a new three-apartment and a new four-apartment local authority house in the first half of 1970 were about £4,100 and £4,400 respectively, including land acquisition, site development and servicing, and fees.
Cost rents directly related to those figures would be of the order of £400 and £420 a year; but in any local authority area the economic rents, after subsidy, would be much lower and would depend on the state of the Housing Revenue Account of the authority concerned.