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19 And A Half 19.5 Old Elvet 2,963 SF 100% Leased Office Building Durham DH1 3HL $496,978 ($167.73/SF)

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Investment Highlights

Grade II listed Georgian building of historic character
Prime Old Elvet location in Durham City Conservation Area
Potential for additional income via parking sub-letting

Pre-application planning support for 3 residential units
Significant private parking provision (rare in city centre)
Walking distance to Durham Cathedral, city centre, and retail

Executive Summary

This is an attractive development opportunity involving a Grade II listed Georgian townhouse located in the highly desirable Old Elvet area of Durham. The property extends to approximately 2,963 sq ft over three floors and benefits from supportive pre-application planning advice for conversion into ??? self-contained residential apartments. A key value driver is the substantial private car park, which can accommodate at least 6–8 vehicles — a rare and premium feature in a city-centre location. The building sits within the Durham City Conservation Area, close to Durham Cathedral, the city centre, and transport links, making it well-positioned for strong demand from professional, academic, and student rental markets.

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