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 | £72.19 | £167 |
| 2 bed | £78.25 | £219 |
| 3 bed | £86.59 | £276 |
| 4 bed | £93.33 | £369 |
Source: Hometrack as at end October 2023
The income for providing housing services comes from rent (houses/garages), service charges and rechargeable repairs.
Expenditure in 2022-23 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 | Amount (£) |
|---|---|
| Planned upgrades and improvements | £14.7m |
| Housing management | £13m |
| Repairs and maintenance | £12m |
| Empty property works | £3.9m |
| estate management | £3m |
| sheltered housing | £0.9m |
| amount spent on caretaker services | £0.6m |
The majority of money is spent on planned upgrades and improvements to council homes, managing our housing stock and repairs and maintenance.
The Housing Revenue Account surplus for the year decreased from £19.5m in 2021-22 to £18.9m in 2022-23. This arose due to an increase in other operating expenditure during the year.
Extract taken from:
Page 107 of the 2022-23 statement of accounts.
Interest charged on borrowing on the Housing Revenue Account was £6.5m, which is a reduction on the £7.2m charged in 2021-22.
Norwich City Council senior management grades 2022-23
- Chief executive: £133,521 to £143,483
- Executive director: £97,736 to £105,109
- Director: £79,313 to £90,368
