Leasehold titles in Addington
LINZ records 51 leasehold titles in Addington, 1.5% of its 3,314 live titles: well above Christchurch City as a whole (0.5%) and against New Zealand (1.2%).
- Leasehold titles
- 51
- Share of live titles
- 1.5%
- Christchurch City share
- 0.5%
- New Zealand share
- 1.2%
- Rank by share in Christchurch City, among suburbs with 50+ leasehold titles
- 4 of 6
By share it is 3rd lowest of 6 in Christchurch City, among suburbs with 50 or more leasehold titles; across New Zealand it is in the bottom quarter of the 137 such suburbs.
Lease terms in Addington
39 of 51 are ground leases and 12 leasehold units; the largest group, 37%, comprises leases that mention renewal, including perpetually renewable leases.
| Stated lease term | Titles |
|---|---|
| Stated term has ended | 16 |
| Under 10 years left | 2 |
| 10 to 50 years left | 0 |
| More than 50 years left | 2 |
| Term mentions renewal | 19 |
| Term not stated or not readable | 12 |
New leasehold titles since 2020
14 of Addington's leasehold titles were first issued since 2020: 2% of all its new titles in that time, against Christchurch City (1%).
Christchurch City suburbs with the most leasehold titles
| Suburb | Leasehold titles | Share |
|---|---|---|
| Northwood | 108 | 4.9% |
| Riccarton | 76 | 1.6% |
| Shirley | 72 | 2.8% |
| Christchurch Central | 55 | 0.6% |
| Burnside | 51 | 1.4% |