BUSINESS

Elm Street Home Prices Are A Nightmare In The U.K.

10/30/2015 09:10 EDT | Updated 10/30/2015 09:59 EDT
Universal History Archive via Getty Images
A Nightmare on Elm Street Part 2: Freddy's Revenge is a 1985 American slasher film and the second film in the Nightmare on Elm Street film series. The film was directed by Jack Sholder and stars Mark Patton, Kim Myers, Robert Rusler and Robert Englund as Freddy Krueger. It is the sequel to A Nightmare on Elm Street. (Photo by: Universal History Archive/UIG via Getty images)

The infamous "Nightmare on Elm Street" horror movie series stars Freddy Krueger — a terrifying figure who kills children while they sleep.

Now, it appears that Freddy is creating some trouble for homeowners living on real-life Elm Streets throughout Britain.

A study by online realty site HouseSimple.com found that those addresses could be worth up to 57 per cent less than other homes in their areas, The Evening Standard reported.

"We found more than 70 Elm Streets across the U.K., and chose a sample of 20 Elm Streets from different areas of the country," HouseSimple.com chief executive Alex Gosling told the Telegraph.

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

On average, the neighbourhoods cited in the study are priced 38.8 per cent lower than other properties in their postal codes.

For example, homes on Elm Street in Seaton Burn, Newcastle upon Tyne are over £121,000 cheaper (around C$246,000, or 56.9 per cent) than units in the same postal code on average, reported The Sun.

The U.K., however, isn't the only place where you'll find an Elm Street — but the others are still seeing homes sell after being listed at high prices.

In Vancouver., a single-family home on a street of that name managed to come off the market after being listed for over $7 million.

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