Overcast

Overcast

max temp: 10°C

min temp: 7°C

Search

It’s a nightmare! Houses in `scary’ street generally sell for less

PUBLISHED: 16:01 30 October 2018 | UPDATED: 16:18 30 October 2018

Research has revealed that houses with an Elm Street address usually sell for less than average.
Though Elm Street in Ipswich is mainly a commercial street.

Research has revealed that houses with an Elm Street address usually sell for less than average. Though Elm Street in Ipswich is mainly a commercial street.

Archant

Homes in roads named Elm Street can sell for around a third less than the average house price in their area. Could it be because of a certain horror film franchise?

A Nightmare on Elm Street 2 - Freddy's Revenge film posterA Nightmare on Elm Street 2 - Freddy's Revenge film poster

Yorkshire Building Society analysed more than 30 roads named Elm Street using Land Registry data, comparing house sales prices with those in their surrounding postal districts since 2013 ahead of Halloween.

The building society found that on average, homes on streets with the same name as that featured in the A Nightmare On Elm Street horror films sold for 35% lower than the average for their postcode area.

Ipswich is home to an Elm Street and this summer a flat there sold for £83,000.

But not all Elm Streets had typical selling prices lower than their area average - so buyers hoping to grab a bargain may not necessarily be lucky.

Chris Irwin, Yorkshire Building Society mortgage manager, said this could be in buyers’ favour.

He said: “It could be an opportunity to buy a property in an area which they may otherwise have not been able to afford”.

Firefighters now believe a blaze above a high street shop in Ipswich was started deliberately.

Work to complete the final section of the Cornhill revamp in Ipswich has started with the arrival of the first part of the “Four Gateways” artwork which is going up outside Debenhams.

Fares on Ipswich Buses are going up again at the end of November – for the second time in nine months.

People are being warned of rail delays after police attended to an incident involving ‘disruptive passengers’ on a Greater Anglia service.

Midwives have shared a rare glimpse into the plight of babies born addicted to drugs at our hospitals.

Plans for a new brain injury rehabilitation hub and housing centre in Ipswich have been boosted thanks to some large donations towards the cost of the build.

As the country pulls together for Children in Need, one Ipswich business is raising funds by encouraging employees to bring a few cuddly friends to work.

Free tickets to go and watch the mighty Tractor Boys play at Portman Road are being given to nearby schools.

A nursery in Felixstowe has been put into special measures after it received its second “inadequate” Ofsted inspection this year.

An Ipswich man suffered cuts and bruises and two broken teeth after being attacked by a neighbour, it has been alleged.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24