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Homes on roads called Elm Street sell for 42 per cent less than average.

New research has revealed that properties sell for far less due to the ongoing popularity of the A Nightmare on Elm Street horror franchise, where teenagers in the fictional town of Springwood are murdered in their dreams (and in real life) by the burnt killer Freddy Krueger (Robert Englund).

The analysis by Yorkshire Building Society studied residential property sales from the last decade in the UK, with the biggest proportional difference seen in County Durham.

In only one Elm Street in Britain — in Ferndale, south Wales— did homes sell for an average price that was higher than typical for the area.

Ben Merritt, a senior mortgage manager at Yorkshire Building Society, added: "It seems that some house prices may be being affected by a superstitious market.

"We know that all kinds of reasons can affect prices and it seems that Freddy Krueger’s film franchise can now be added to that list."— BANG SHOWBIZ

Photo: TPG News/Click Photos


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