Cross-lease titles in Redwoodtown
LINZ records 499 cross-lease titles in Redwoodtown, 19.8% of its 2,525 live titles: well above Marlborough District as a whole (7.4%) and well above New Zealand (8.7%).
Redwoodtown: cross-lease titles
- Cross-lease titles
- 499
- Share of live titles
- 19.8%
- Marlborough District share
- 7.4%
- New Zealand share
- 8.7%
- Rank by share in Marlborough District, among suburbs with 50+ cross-lease titles
- 1 of 6
By share it is the highest of 6 in Marlborough District, 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 Redwoodtown are set up
Fewer schemes have four or more flats on one section (5%, against 11% nationally), up to 7.
More leases include a garage (37% of schemes, against 28% nationally).
Carports appear in fewer leases (10% of schemes, against 13% nationally).
| Scheme structure | Redwoodtown | Marlborough District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 231 | 989 | 87,651 |
| Two-flat schemes | 83.5% | 77.5% | 76.2% |
| Three-flat schemes | 11.7% | 12.2% | 12.2% |
| Four or more flats | 4.8% | 10.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 839 m² | 870 m² | 908 m² |
| Typical land per flat | 400 m² | 394 m² | 408 m² |
| Schemes with a garage written into a lease | 36.8% | 35.0% | 28.4% |
| Schemes with a carport in a lease | 10.0% | 11.2% | 13.3% |
| Schemes with a separate exclusive-use area | 3.9% | 2.4% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 29.4% | 31.5% | 35.6% |
| Median year of earliest current title | 1991 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 152 | 593 | 54,978 |