37 Lyndhurst Street Richmond passed in at auction.

---

A striking Richmond warehouse conversion draped in Boston ivy and built into the suburb’s historic Malthouse building has passed in under the hammer.

Part of a celebrated conversion by renowned architect Nonda Katsalidis, the home is built into one of the early sites of Australian maltings giant Barrett Burston.

RELATED: Melbourne apartment inside 100-year-old art deco complex has European charm

Melbourne’s crazy rich mansions: Ritzy real estate that could crack house price record

Saving Melbourne’s mid-century homes: Local woman’s plan to restore ‘raunchy palace’

The 37 Lyndhurst St home went to auction with a $1.75m-$1.9m asking price, but passed in on a $1.7m vendor bid.

Jellis Craig Richmond director Elliot Gill said there had been two prospective buyers still waiting on finance in the crowd of about 50 that turned out for the sale.

Mr Gill said while it wasn’t clear if they were underestimating how long they needed for the banks to sign off on a loan, or if banks were having delays, he had noticed the scenario playing out a bit more lately.

The living and dining space in the converted warehouse home.

---

The home sits inside an old Malt House.

---

Despite this, he said he was confident of a sale.

“One like this, on the corner with a really pretty Victorian facade and the ivy – it’s pretty rare,” Mr Gill said.

In addition to young couples who turned up but didn’t bid, he said the home would also suit downsizers.

The home now has a $1.85m asking price.

The vendors bought the home as a “magnificent” Melbourne base in 2012, though it was nearly the display centre for a luxury fashion label who eyed the home when they leased it out as they prepared to sell their former home. While “disappointed” not to see a sold sticker, the vendors were aware it was a unique residence and could take time to connect with the right buyer and facilitate their plans to retire to the Mornington Peninsula.

One of the home’s two bedrooms.

---

Inside the converted bathroom.

---

When they bought the home it had a three-bedroom floorplan, but they chose to convert it to add a home office and expanded the main suite.

The result is what they’ve called a “house for grown ups”, and one where they have prioritised putting the history on display. Exposed brickwork is on show throughout, and there are old connector plates from the building’s time as a maltings in the living room.

High ceilings and exposed timber beams soaring overhead add to the appeal of the address that has no owners corporation fees.

---

Richmond’s bustling main street is on your doorstep.

---

Despite the home’s more grown-up design, it has proven perfect for taking care of grandchildren and family Christmas dinners.

You can also easily walk to and from the MCG to see your team play, while a nearby dog park will suit fur babies.

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Melbourne ghost sites: Family plan to turn long-time vacant block into hi-tech homes

Kyneton: Home akin to Pride and Prejudice’s estates has dam perfect for Mr Darcy to swim in

The Lucky Coq, Naked for Satan restaurateur Max Fink selling $8m South Yarra home