Cross-lease titles in Methven
LINZ records 66 cross-lease titles in Methven, 3.8% of its 1,744 live titles: below Ashburton District as a whole (5.6%) and well below New Zealand (8.7%).
- Cross-lease titles
- 66
- Share of live titles
- 3.8%
- Ashburton District share
- 5.6%
- New Zealand share
- 8.7%
- Rank by share in Ashburton District, among suburbs with 50+ cross-lease titles
- 4 of 5
By share it is 2nd lowest of 5 in Ashburton District, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Methven are set up
Fewer leases include a garage (11% of schemes, against 28% nationally).
Three-flat schemes are more common here (19%, against 12% nationally).
Separate exclusive-use areas are more common (7% of schemes, against 5% nationally).
| Scheme structure | Methven | Ashburton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 27 | 431 | 87,651 |
| Two-flat schemes | 70.4% | 65.7% | 76.2% |
| Three-flat schemes | 18.5% | 17.6% | 12.2% |
| Four or more flats | 11.1% | 16.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 793 m² | 954 m² | 908 m² |
| Typical land per flat | 337 m² | 352 m² | 408 m² |
| Schemes with a garage written into a lease | 11.1% | 28.5% | 28.4% |
| Schemes with a carport in a lease | 11.1% | 9.0% | 13.3% |
| Schemes with a separate exclusive-use area | 7.4% | 2.3% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 33.3% | 21.3% | 35.6% |
| Median year of earliest current title | 1988 | 1983 | 1988 |
| Two-flat schemes on 700 m² or more | 10 | 188 | 54,978 |