Orlit Houses on Hatfield Close in Mitcham Surrey 2015

Is an Orlit house worth a million pounds? #Merton #regen

Last night a few figures came up at our meeting with Circle. The total rebuild is around £600m across the three estates, Ravensbury being 16.67% of the total existing homes (200 out of 1200), therefore effectively representing £100m net expense. With 100 homes in the Ravensbury demolition/redevelopment area as it stands, that makes each home effectively amount to £1m in the Merton regen project. A fine figure for a house that CHMP keep trying to suggest needs demolishing despite been structurally sound. A new three bedroom house would cost roughly £100k to rebuild.

image
Does this Orlit house effectively represents £1m in terms of the potential regen project expenditure

Ravensbury Residents Association RRA

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s