Cross-lease titles in Frankleigh Park
LINZ records 58 cross-lease titles in Frankleigh Park, 5.0% of its 1,169 live titles: below New Plymouth District as a whole (6.6%) and well below New Zealand (8.7%).
Frankleigh Park: cross-lease titles
- Cross-lease titles
- 58
- Share of live titles
- 5.0%
- New Plymouth District share
- 6.6%
- New Zealand share
- 8.7%
- Rank by share in New Plymouth District, among suburbs with 50+ cross-lease titles
- 14 of 16
By share it is 3rd lowest of 16 in New Plymouth District, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Frankleigh Park are set up
Three-flat schemes are more common here (22%, against 12% nationally).
Fewer schemes refer to more than one flats plan (22%, against 36% nationally), usually because a plan was redrawn.
Carports appear in fewer leases (9% of schemes, against 13% nationally).
| Scheme structure | Frankleigh Park | New Plymouth District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 23 | 1,094 | 87,651 |
| Two-flat schemes | 65.2% | 66.6% | 76.2% |
| Three-flat schemes | 21.7% | 17.6% | 12.2% |
| Four or more flats | 13.0% | 15.8% | 11.4% |
| Typical section size (from the titles, not a survey) | 870 m² | 809 m² | 908 m² |
| Typical land per flat | 338 m² | 337 m² | 408 m² |
| Schemes with a garage written into a lease | 34.8% | 38.9% | 28.4% |
| Schemes with a carport in a lease | 8.7% | 15.5% | 13.3% |
| Schemes with a separate exclusive-use area | 4.3% | 7.8% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 21.7% | 27.6% | 35.6% |
| Median year of earliest current title | 1989 | 1990 | 1988 |
| Two-flat schemes on 700 m² or more | 10 | 430 | 54,978 |
New Plymouth District suburbs with the most cross-lease titles
| Suburb | Cross-lease titles | Share |
|---|---|---|
| Westown | 386 | 14.5% |
| New Plymouth | 333 | 10.9% |
| Strandon | 231 | 18.5% |
| Waitara | 195 | 5.5% |
| Merrilands | 181 | 10.3% |
| Fitzroy | 163 | 17.1% |
| Moturoa | 157 | 15.0% |
| Lower Vogeltown | 142 | 22.6% |
| Vogeltown | 133 | 16.6% |
| Spotswood | 127 | 10.9% |