It appears to be a nightmare to own a home on Elm Street, as more than half (54%) of the 79 Elm Streets in the UK have had no property sales since last Halloween, according to new research by Housesimple.com.
With Elm Street being synonymous with the 1984 slasher movie Nightmare on Elm Street and Halloween taking place today, the online estate agents decided to look into the number of house sales on all Elm Streets across the UK in recent years.
It found that there have been no registered house sales in 10 years on 1 in 7 of the 79 Elm Streets in the UK, with streets in Manchester, Belfast and Glasgow all seemingly ‘cursed’ by the connection with none other than Freddy Krueger.
Currently, average property prices across Elm Streets stand at £191,888, which is 17.6% lower than the UK average of £232,797.
Sam Mitchell, chief executive of Housesimple.com, commented: “What’s in a name? Well, if the number of properties sold on Elm Streets over the past decade is anything to go by, perhaps more than we might realise.”
“It’s difficult to pinpoint the exact reason for the low numbers of house sales on Elm Streets. Perhaps there aren’t many properties on the streets, or maybe people love living there so much, that they don’t want to move.”
He added: “I wouldn’t be surprised if a few prospective buyers have been a little nervous about the prospect of living on such an infamously-named street.”
“Fortunately, not everyone is spooked by Halloween and with Elm Street prices below the UK average, there could be some good value properties to be snapped up. Just check your neighbour’s name isn’t Mr F Krueger.”