Inner city Melbourne warehouse townhouses popular with buyers

Melbourne's top advised townhouse sale was 7/120 Queens Parade, Fitzroy North at $1.8 million which came mid-last week.

And a warehouse style townhouse at 22 Reeves Crescent, Richmond fetched $1.41 million.

The three-bedroom, two-bathroom Fitzroy North townhouse was architecturally designed in the reinvention of the Selotta Shoe Factory.

The Jellis Craig price guide for the 1934 three level space had been $1.8 million to $1.9 million.

It last sold at $975,000 in 2007.

The adjoining 6/120 Queens Parade townhouse, also with three bedrooms, fetched $1.8 million in April. It first sold at $406,000 in 1998.

The original factory designed is credited to architect, H V Gillespie.

22 Reeves, just off Coppin Street, was marketed by the Biggin & Scott agency as having a converted warehouse feel with a rustic industrial flare. 

There are high 5m ceilings in the lounge area, plus exposed steel beams under its curved roof.

Melbourne vendors secured a 50 percent clearance rate ver the past week according to CoreLogic.

It was the priciest apartment sale across the nation over the past week.

There was a 61.8 percent success rate from the 345 apartment and townhouses results  across the nation.

The national median sale price was calculated at $810,000 with Melbourne at $702,500.

Melbourne vendors had 249 auction offerings with 65 results yet to be advised.

Sydney vendors secured an 81.5 percent success rate.