Cross-lease titles in Northwood
LINZ records 54 cross-lease titles in Northwood, 2.4% of its 2,214 live titles: well below Christchurch City as a whole (15.6%) and well below New Zealand (8.7%).
- Cross-lease titles
- 54
- Share of live titles
- 2.4%
- Christchurch City share
- 15.6%
- New Zealand share
- 8.7%
- Rank by share in Christchurch City, among suburbs with 50+ cross-lease titles
- 67 of 68
By share it is 2nd lowest of 68 in Christchurch City, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom tenth of the 559 such suburbs.
How the cross-leases in Northwood are set up
Fewer schemes refer to more than one flats plan (19%, against 36% nationally), usually because a plan was redrawn.
Two-flat schemes are more common here (100% of schemes, against 76% nationally).
Fewer leases include a garage (22% of schemes, against 28% nationally).
| Scheme structure | Northwood | Christchurch City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 27 | 12,525 | 87,651 |
| Two-flat schemes | 100.0% | 79.7% | 76.2% |
| Three-flat schemes | 0.0% | 7.8% | 12.2% |
| Four or more flats | 0.0% | 12.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 794 m² | 809 m² | 908 m² |
| Typical land per flat | 397 m² | 369 m² | 408 m² |
| Schemes with a garage written into a lease | 22.2% | 52.2% | 28.4% |
| Schemes with a carport in a lease | 0.0% | 5.2% | 13.3% |
| Schemes with a separate exclusive-use area | 3.7% | 2.1% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 18.5% | 25.6% | 35.6% |
| Median year of earliest current title | 1993 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 20 | 6,564 | 54,978 |