Fatal Frame/Project Zero
The Fatal Frame series are effective and scary survival horror games that take a lot of inspiration from Japanese horror films like The Grudge and The Ring. The games found a lot of success on the Xbox, PlayStation 2, Wii and the Nintendo Wii U.
Unfortunately the formula had started grow stale with its most recent title Fatal Frame: Maiden of The Black Water receiving mixed reviews. Although it did receive praise for its innovative use of the Nintendo Wii U gamepad as a viewpoint for the Camera Obscura.
The success of Resident Evil 7: Biohazard had in rejuvenating the series from a brand new perspective. This could work for the Fatal Frame series too. If the developers could find new way to adapt the first person viewpoint of the Camera Obscura -- like they did with the Wii U pad in a new way. VR could help breathe new life into the series.