View attachment 94085we already have this on this thread but this has more clarity...thanks to wendy for this one..
I have this postcard and, being as I am doing a little on Great Russell Street, I looked into this image. The bill posters on the walls of the buildings show the property details for an auction of the row, the sale being held on 27th March 1914. The sale did not mean that the occupiers were moving on. However, they would have to pay rent to a new leaseholder following the sale.
These buildings were back-to-backs so there were 12 households here rather than just the six fronting the street. Lot No.1 was for the lower of the properties on the right of this photograph, numbered 203, 204 and 205. The Lot also included eight houses at the rear, 3 being part of the main block and a further five up the yard, numbered 1-5 back of 204. The annual rental income from all the households amounted to £109.4s. The auction was for a lease of 54 years with a ground rent of £20. Armed with these figures it is possible to calculate how much these would realise at auction based purely on a calculated return-of-investment and an annual income that generated an interest rate more favourable than that offered by a savings account or bank. This is how most investors did their sums and wished to spend as little as possible on repairs and renovations. Consequently, the properties degenerated over the years and was partly responsible for the mass demolition in the 1960s.
Lot No.2 included Nos.206, 207 and 208, on the left of this photograph, along with another eight houses to the rear. The annual rents collected each year for these properties was slightly higher at £111. The term of lease and ground rent was the same as that in Lot 1. No.208 was occupied by the fruiterer Ernest Smith. That is possibly his wife Leah stood on the doorstep. In 1911 this couple lived at No.7 Court 35, which was part of Lot.1 and
would have been one of the houses to the rear of the main block on the right. They had three young sons, Alfred, Samuel and Ernest.