Why it could be a nightmare living on Elm Street in Calderdale

Elm Street, Holywell Green (Google Street View)
Elm Street, Holywell Green (Google Street View)

Freddie Krueger may be the stuff of fantasy and nightmares – but it seems the fictional villain may also have a very real effect on house prices in Calderdale.

According to research by Yorkshire Building Society , it shows that property sale prices on Elm Street can be up to 68% lower than the local average, with Elm Street in Hollywell Green, Halifax, selling on average for 42% - or £78,798 - less.

Nationally, homes on streets with the same name as that featured in the notorious A Nightmare on Elm Street 1980s horror films, fetch 35% lower than the average for their postcode area.

Chris Irwin, Yorkshire Building Society Mortgage Manager, said: “House prices can be affected by all sorts of factors – and popular culture will play into this.

"Sometimes people are influenced by a street name associated with a creepy film or a house number which is perceived as ‘unlucky’. The research on Elm Street certainly supports this view.

“Whilst this can be frustrating for sellers, for those who aren’t as concerned about the road name or street number, it could be an opportunity to buy a property in an area which they may otherwise have not been able to afford.

“However, it’s likely that if you pick up a home for significantly less than the area’s average because some people find the address off-putting, this factor will continue to influence the property’s price when you come to sell.”

Just two Elm Streets in the UK saw homes sell for an average price which was higher than typical for the area – Elm Street in Pontypridd, and Elm Street in Ferndale, which are both in South Wales.