Cross-lease titles in Saint Martins
LINZ records 323 cross-lease titles in Saint Martins, 23.4% of its 1,380 live titles: well above Christchurch City as a whole (15.6%) and well above New Zealand (8.7%).
Saint Martins: cross-lease titles
- Cross-lease titles
- 323
- Share of live titles
- 23.4%
- Christchurch City share
- 15.6%
- New Zealand share
- 8.7%
- Rank by share in Christchurch City, among suburbs with 50+ cross-lease titles
- 12 of 68
By share it is in the highest quarter of 68 in Christchurch City, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the top quarter of the 559 such suburbs.
How the cross-leases in Saint Martins are set up
Three-flat schemes are less common here (4%, against 12% nationally).
More leases include a garage (61% of schemes, against 28% nationally).
Carports appear in fewer leases (9% of schemes, against 13% nationally).
| Scheme structure | Saint Martins | Christchurch City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 159 | 12,525 | 87,651 |
| Two-flat schemes | 95.6% | 79.7% | 76.2% |
| Three-flat schemes | 3.8% | 7.8% | 12.2% |
| Four or more flats | 0.0% | 12.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 823 m² | 809 m² | 908 m² |
| Typical land per flat | 411 m² | 369 m² | 408 m² |
| Schemes with a garage written into a lease | 61.0% | 52.2% | 28.4% |
| Schemes with a carport in a lease | 8.8% | 5.2% | 13.3% |
| Schemes with a separate exclusive-use area | 3.8% | 2.1% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 25.2% | 25.6% | 35.6% |
| Median year of earliest current title | 1987 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 107 | 6,564 | 54,978 |