Cross-lease titles in Solway
LINZ records 81 cross-lease titles in Solway, 3.4% of its 2,359 live titles: against Masterton District as a whole (3.1%) and well below New Zealand (8.7%).
- Cross-lease titles
- 81
- Share of live titles
- 3.4%
- Masterton District share
- 3.1%
- New Zealand share
- 8.7%
- Rank by share in Masterton District, among suburbs with 50+ cross-lease titles
- 4 of 4
By share it is the lowest of 4 in Masterton District, 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 Solway are set up
More schemes have four or more flats on one section (32%, against 11% nationally), up to 8.
Three-flat schemes are more common here (32%, against 12% nationally).
Two-flat schemes are less common here (36% of schemes, against 76% nationally).
| Scheme structure | Solway | Masterton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 25 | 188 | 87,651 |
| Two-flat schemes | 36.0% | 60.1% | 76.2% |
| Three-flat schemes | 32.0% | 16.5% | 12.2% |
| Four or more flats | 32.0% | 23.4% | 11.4% |
| Typical section size (from the titles, not a survey) | 1,011 m² | 1,004 m² | 908 m² |
| Typical land per flat | 388 m² | 407 m² | 408 m² |
| Schemes with a garage written into a lease | 32.0% | 14.9% | 28.4% |
| Schemes with a carport in a lease | 8.0% | 10.6% | 13.3% |
| Schemes with a separate exclusive-use area | 0.0% | 3.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 20.0% | 14.4% | 35.6% |
| Median year of earliest current title | 1985 | 1986 | 1988 |
| Two-flat schemes on 700 m² or more | 8 | 98 | 54,978 |