June 21, 1924

It is probable the tenant-purchase scheme of the Watford Corporation, under which 20 houses are to be built at Harebreaks, will be the forerunner of a much bigger scheme. Applications for the dwellings are already being received in considerable numbers.

A purchaser pays £50 down, and the balance of the purchase money is spread over 25 years. The cost of the houses will probably come out at £650, towards which a subsidy of £100 is received from the Government.

The repayment, inclusive of principle, interest, rates, and taxes, should be under £1 a week.

[From the Watford Observer of June 21, 1924]

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