17 new Council apartments cost £8.4 million to build = £494,117 per apartment
Land already Council opened so free in effect but does not include architects, consultation, site preparation, planning, fit out costs maybe another £100k?
Total cost circa £600k with no land cost
1/
Land already Council opened so free in effect but does not include architects, consultation, site preparation, planning, fit out costs maybe another £100k?
Total cost circa £600k with no land cost
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https://twitter.com/AbdulHai23/status/1352988855960559616
This illustrates one reason why property is so expensive locally, not cheap to build
But also concerns that like Croydon, TH Council building lots of small developments maybe losing economies of scale?
Also loss of estate gardens & trees on Council land. Better to concentrate
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But also concerns that like Croydon, TH Council building lots of small developments maybe losing economies of scale?
Also loss of estate gardens & trees on Council land. Better to concentrate
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Council development on fewer but bigger developments to get better economies of scale but they seem unwilling to do that even selling land they own to others to develop
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3/
Sorry land Council owned not opened
Was estate gardens, fenced off due to ASB then abandoned so lots of trees grew until Council cut them all down
Was estate gardens, fenced off due to ASB then abandoned so lots of trees grew until Council cut them all down
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