This could be because the name is associated with the ‘A Nightmare on Elm Street’ horror franchise.
On average, homes on streets with the same name as that featured in the ‘A Nightmare on Elm Street’ horror franchise sell for 37% lower than the average for their postcode area, Accord Mortgages has found.
Property sale prices on Elm Streets can be up to 68% lower than the local average.
Homes on Elm Street in Skelmanthorpe, Huddersfield saw the biggest difference, selling for £110,555 less than the average.
Jemma Anderson, product manager at Accord, said: “There are so many factors which can determine house prices and our research highlights that even superstition can have a financial impact.
“For buyers who don’t scare easily, it’s a chance to purchase a home in an area which might have been out of reach, but remember, it may well terrify others when you come to sell.”
