England’s Most Haunted Areas: Does Paranormal Activity Impact Property Prices?

Oct 28, 2016

With Halloween creeping around the corner, online money saving estate agent Emoov.co.uk hunted down England’s most haunted areas and found that the average property value is higher in these scary regions than the country’s as a whole – it seems ghosts and goblins do play in a role in property.

The data compiled from Zoopla looked at the average property price paid in the ten most haunted locations in the country and at the percentage change over the past decade against the average property price in London and in the whole of England. Despite the tales of terror across these regions, the majority are still home to a higher average house price compared to the average across England. However, the paranormal activity that plagues each of these areas has resulted in price growth over the last decade dragging behind when compared to the country as a whole.

Essex’s haunted rectory in Borley is plagued with ghosts of headless horsemen and the unexplained ringing of servants’ bells, yet has not managed to spook away homebuyers in the area. The property market grew by +21% (£97,842) in the last decade, 4% less than the English average, but still enjoys an impressive average house price of £424,571.

England’s Most Haunted Areas: Does Paranormal Activity Impact Property Prices?

It is joined by Wotton-Under-Edge in Gloucestershire, the location of the Ancient Ram Inn. Child sacrifices, suicide, and black magic are some of the ghoulish undertakings that make this domain haunted. Not only this but the area experienced a jump in property value of just +10% (£31,345) over the last ten years, although again does boast a higher average house price.

Pluckley Village is also home to a higher average house price when compared to the rest of the nation (£404,133) but also grew by just 5% over 10 years, potentially due to the haunted histories lurking in its shadows.

Although property values in the above haunts command a higher price tag than the average across England as a whole, it would seem the ghostly happenings have slowed property price growth down with each seeing a lower rate of increase in the last decade compared to England.

Tower Hamlets in London enjoyed a jump of 5% in property value over the last ten years regardless of its famous ghastly tales. It is home to the haunted Tower of London, where it is believed that the ghost of Henry VI still roams the walls and the White Lady’s perfume is pungent enough to make guards ill. The average property value in Tower Hamlets over the past decade is (£377,240) and exceeds that of England (£241,177) but trails the capital by around £75,000 and it has also grown at a significantly slower rate than London, which saw a 51% increase in property value during the same time period.

England’s Most Haunted Areas: Does Paranormal Activity Impact Property Prices?

But perhaps the worst of the lot is Chillingham in Northumberland, where homebuyers saw house prices drop -1% (-£1,278) – it is the only haunted site that suffered a negative shift. This is the home of Chillingham Castle, which dates back to the 12th century and is known for its chilling royal procession of ghosts floating through the halls.

It seems stories of ghosts, witches, and superstition have a mixed impact on the property market in England with the areas that are most haunted are home to a higher average house price but seeing a slower rate of growth than England as a whole.

It wouldn’t be the first time imaginary monsters have impacted house prices, with recent tales of a Brexit monster terrifying homeowner across the nation, despite the actual introduction of Article 50.

Russell Quirk

Founder & CEO, Emoov.co.uk