Affordable homes
Living in a council property is considerably cheaper than renting privately, as shown below.
| Size of property | Council home: average weekly rent | Private sector home: average weekly rent |
|---|---|---|
| 1 bed | £81.60 | £164 |
| 2 bed | £87.53 | £206 |
| 3 bed | £96.62 | £242 |
| 4 bed | £104.43 | £342 |
Source: ONS as at end November 2024
The income for providing housing services comes from rent (houses/garages), service charges and rechargeable repairs.
Expenditure in 2023-24 financial year
Income for the Housing Revenue Account (HRA) is generated from rental from houses and garages, service charges and rechargeable repairs.
The Housing Revenue Account records expenditure and income on running the council’s housing stock and closely related services or facilities, which are provided for the benefit of council tenants.
| Expenditure 2023-24 | Amount (£) |
|---|---|
| Planned upgrades and improvements | £14.2m |
| Housing management | £14.9m |
| Repairs and maintenance | £14.3m |
| Empty property works | £3.4m |
| Estate management | £3.5m |
| Sheltered housing | £1m |
| Amount spent on caretaker services | £0.6m |
The Housing Revenue Account shows a surplus of £18m in 2022/23 and a deficit of £3.8m in 2023/24. This is due, in the main, to the revaluation of council dwellings.
Extract taken from:
Page 103 of the 2023/24 statement of accounts.
Net interest charged on borrowing on the Housing Revenue Account was £4.6m, which is a reduction on the £6.5m charged in 2022/23.
Page 105 of the 2023/24 statement of accounts.
www.norwich.gov.uk/DraftStatementOfAccounts
Norwich City Council senior management grades 2023-24
- Chief executive: £138,194 to £150,575
- Executive director: £101,157 to £108,788
- Director: £82,089 to £93,531
