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12:00 AM 19th October 2024
lifestyle

Living On A Halloween Street?

 
Copyright: Brian Goodman/Shutterstock.com
Copyright: Brian Goodman/Shutterstock.com

Have you ever considered that the name of the street you live on can affect the price of your property? For some, a Halloween-themed street name might seem like a perk, while others wonder if it could haunt the property’s resale value.

This spooky season, the experts at Chartered Surveyors Stokemont have analysed the most popular Halloween-themed street names to unveil the ones increasing property value the most, along with those decreasing it.

Copyright: Tom Gowanlock/Shutterstock.com
Copyright: Tom Gowanlock/Shutterstock.com
The Halloween street names increasing property value the most
RankHalloween Keyword in Street NameHalloween Street Average Sale PriceSimilar Properties in Same Area Average Sale PricePrice Increase (%)
1 Howl £352,581 £282,576 24.8%
2 Shadow £485,198 £396,105 22.5%
3 Dark £368,831 £330,675 11.5%
4 Creeping £437,650 £405,592 7.9%
5 Gallow £413,707 £399,524 3.6%
6 Cackle £519,673 £517,609 0.4%
6= Night £655,043 £652,546 0.4%

All who find themselves living on a street with ‘howl’ in its name are in luck, as this was revealed to be the Halloween-related street name increasing property value the most - by a whopping 24.8% to be exact. While similar properties in the surrounding area sell on average for £282,576, those on a ‘howl’ street on average sell for £70,005 more. Although ‘howl’ might not be the most exciting Halloween street name, homeowners will be over the moon with its ability to increase property value.

Following closely behind in second place are Halloween streets containing the word ‘shadow’, where property prices can see an increase of 22.5%. With an average price of £485,198 properties on these spooky streets cost £89,093 more on average compared to similar ones in the same area.

Third in the rankings come spooky streets with the word ‘dark’ in them, which were found to increase property value by 11.5%. Properties on ‘dark’ street names have an average cost of £368,831, while similar properties in the same area cost on average £38,157 less.

Top five Halloween street names decreasing property value the most
ankHalloween Keyword in Street NameHalloween Street Average Sale PriceSimilar Properties in Same Area Average Sale PricePrice Decrease (%)
1 Candle £290,612 £574,730 -49.4%
2 Witch £265,669 £374,561 -29.1%
3 Lantern £380,687 £516,560 -26.3%
4 Wolf £435,341 £569,163 -23.5%
5 Spook £535,625 £693,822 -22.8%

Copyright: Vizex Visual/Shutterstock.com
Copyright: Vizex Visual/Shutterstock.com
On the other hand, there are Halloween street names that can decrease a property’s value. Spooky street names containing the word ‘candle’ decrease property value the most - by -49.4%. Followed by streets with the word ‘witch’ (-29.1%) and streets with the word ‘lantern’ (-26.3%).

Information supplied by Stokemont