How This London Family Refreshed A Community Home
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How This London Family Refreshed A Community Home

The Walter Segal project has been renovated for modern living.

By Ruth Bloomfield
Fri, Sep 10, 2021 11:51amGrey Clock 4 min

The unusual family home of Céline Dalcher Wilkhu and her husband, Taran Wilkhu, clings close to the summit of a steep hill in southeast London, offering panoramic views across the city from their open-plan living room.

The timber-framed, cabin-style property, influenced by traditional Japanese architecture and recently upgraded to meet the needs of a 21st-century family, is a curiosity among the Honor Oak neighbourhood’s mostly Victorian and Edwardian homes. It is also part of the legacy of an idealistic, postwar experiment in empowerment through house building.

It was built in the early 1970s by an intrepid group of amateur self-builders guided by the German-born modernist architect Walter Segal, who moved to London in 1936. His idea was that people in need of homes could be encouraged to build their own small developments on spare public land, according to the Walter Segal Self Build Trust, which was set up to chronicle his work.

In the late 1970s, the London borough of Lewisham decided to put Mr. Segal’s ideas into practice. It placed an advertisement in a local magazine for people in “housing need” who would be interested in building their own homes on public land. Work began on the first of four sites in 1979.

Mr. Wilkhu and Mrs. Dalcher Wilkhu, both 43, had become fans of Mr. Segal’s work after visiting one of his Lewisham projects during London Open House Weekend, an annual event during which architecturally interesting buildings are opened to the public. “We walked in and just said ‘wow,’ ” recalled Mr. Wilkhu, a photographer. “We loved the architecture, we loved the light, and we loved the sense of community. We immediately said we would love to live in one of these houses.” (Mr. Wilkhu later collaborated as photographer on a book about Mr. Segal’s self-build homes, “Walters Way & Segal Close,” in 2017.)

In 2011, a house designed by Mr. Segal in Honor Oak came up for sale. The couple, who have two sons, Sohan, now 10, and Nayan, now 7, paid about $538,000 for the 1,076-square-foot house with four bedrooms and two bathrooms. They bought the house with knowledge of its shortcomings. One of its bedrooms was tiny while the second bathroom was “literally just a cupboard with a shower in it,” said Mrs. Dalcher Wilkhu. “It always felt a bit cramped. We always knew we would want more space—but not necessarily more rooms.”

In 2018, they enlisted the help of architect Elizabeth Fraher, director of Fraher & Findlay. She designed a two-story, 431-square-foot addition. This gave them a large open-plan kitchen, living and dining room on the first floor.

The boys, who had small separate bedrooms at the front of the house, asked that the wall between them be removed so they could share a single larger room. The tiny shower room was enlarged. The new basement level, accessed by a flight of pine-plywood-clad stairs, contains an office that leads out to the backyard, and a room used for yoga and music.

THE BUDGET

  • Groundwork and foundations: approx. $28,078
  • Windows: approx. $18,790
  • Roof: approx. $11,228
  • Addition and internal decoration: approx. $149,600
  • Professional fees: $22,470
  • Total: About $230,000

Work began in February 2019 and was done just before Britain entered its first national lockdown in March 2020. Mrs. Dalcher Wilkhu acted as project manager. The project cost around $170,000. “Luckily for us nothing really went horribly wrong,” she said. Like Mr. Segal before them, they stuck to simple, inexpensive materials to keep costs in line.

The exterior of the addition is clad in corrugated iron, while its interior has been lined with pine plywood that has been lightly whitewashed. The original dark timber parquet flooring in the living room was replaced with more contemporary pine floorboards. The kitchen cupboards are also made from pine plywood, although they did add a dash of luxury with a terrazzo marble work top.

Mr. Segal died in 1985 and he did not witness the gentrification of Honor Oak, where prices have risen from an average of around $539,000 in 2011, when the couple moved in, to $1,281,000 at the start of this year, according to property portal Rightmove. The most expensive sale on their street was in 2019, said Mr. Wilkhu, and the house fetched around $1.1 million.

Mr. Wilkhu estimates their home is probably now worth about $1.87 million, although they have no plans to sell. “As well as the house itself, what we have here is a real sense of community,” he said. “We know all the neighbours, we have a WhatsApp group, and it just feels like a very friendly, safe way to live in a city.”

Reprinted by permission of The Wall Street Journal, Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: September 8, 2021.

*All imagery by Taran Wilkhu.



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How much income is required to service a mortgage? It depends on where you live

New research suggests spending 40 percent of household income on loan repayments is the new normal

By Bronwyn Allen
Thu, Apr 25, 2024 3 min

Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.

Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.

“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.

CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.

Sydney

Sydney’s median house price is $1,414,229 and the median unit price is $839,344.

Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.

Melbourne

Melbourne’s median house price is $935,049 and the median apartment price is $612,906.

Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.

Brisbane

Brisbane’s median house price is $909,988 and the median unit price is $587,793.

Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.

Adelaide

Adelaide’s median house price is $785,971 and the median apartment price is $504,799.

Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.

Perth

Perth’s median house price is $735,276 and the median unit price is $495,360.

Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.

Hobart

Hobart’s median house price is $692,951 and the median apartment price is $522,258.

Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.

Darwin

Darwin’s median house price is $573,498 and the median unit price is $367,716.

Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.

Canberra

Canberra’s median house price is $964,136 and the median apartment price is $585,057.

Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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