Elm Street homes spookily cheap

Mortgage Introducer

October 30, 2015

In a study comparing all the Elm Streets in England and Wales to the surrounding postcode areas, it was found that Newcastle upon Tyne’s Elm Street homes cost £92,000 compared to a £213,428 average in the area, a 56.9% price difference.

Elm Street in Stockport has the smallest differential, but even on this street homes are worth £37,410 under the average for the area.

A Nightmare on Elm Street was a slasher horror film released in 1984 where Freddy Krueger prays on teenagers in their sleep.

Alex Gosling, chief executive of online estate agents HouseSimple.com, said: “It sounds like a horror movie sequel, but for hundreds of homeowners, the curse of Elm Street is a grim reality. Our figures reveal that living on this infamous street does affect the value of your home!

“We found more than 70 Elm Streets across the UK, and chose a sample of 20 Elm Streets from different areas of the country. Spookily, house prices on all of these Elm Streets were significantly lower than the average house price in the local area.

“We are a superstitious nation, so perhaps lower house prices are the only way to tempt people into braving the supernatural and buying here!”

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