A Real Nightmare On Elm Street! House Prices Slashed On Roads Linked To Freddy Flick

Houses on Elm Streets sell for less due to the Freddy Krueger connection/Rex Features

The 1984 horror hit A Nightmare on Elm Street spawned nine slasher films, a television series and a slew of books centred around the burned vengeful ghost Freddy Krueger.

But the fictional nightmare has become a reality to homeowners who actually live on an Elm Street.

Residing on a road with links to the sinister horror franchise can lose homeowners thousands of pounds, with Elm Street houses worth an average of 39 per cent less than other homes in the same area, according to a new estate agent survey.

In fact, some homes on Elm Streets were worth a shocking 60 per cent less than other abodes sharing the same postcode.

Alex Gosling, CEO of HouseSimple.com which carried out the research, said: “It sounds like a horror movie sequel, but for hundreds of home-owners, 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.”

Homes on Elm Street in Eccles, Manchester are worth less than half of residences in surrounding streets/Google Maps

There are more than 70 Elm Streets in the UK, with the top 20 addresses worth between 16 and 57 per cent less than surrounding residences.

“Spookily, house prices on all of these Elm Streets were significantly lower than the average house price in the local area,” added Alex.

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

Elm Street buyers in Seaton Burn, Newcastle, appear most horrified at the thought of living on a road connected to the dream killer, with homes selling for up to £120,000 less than the average in the neighbourhood.

And houses on the street in Eccles, Manchester are worth just £65,000 to £85,000, in comparison to the postcode average of £150,201.

Even posher Cheltenham doesn’t escape the Freddy curse, with homes on the Gloucestershire Elm Street costing 53 per cent less than those in the same postcode.

Perhaps ironically, the original home featured in the first Nightmare On Elm Street film is actually not found on an Elm Street at all, but located on Genessee Avenue in Los Angeles.