11 Acacia Drive
Greenvale, QLD 4816

Situated in the welcoming township of Greenvale, this three-bedroom, one-bathroom house is currently vacant and offers an excellent opportunity for renovation and value addition. The property requires some maintenance work including new flooring, updates to the kitchen and bathroom, thorough cleaning, and fresh paint to prepare it for tenancy or personal residence.

This older style post-war home is constructed with brick veneer and a tile roof, providing a solid foundation for renovation. The house features a hardwood frame, which is resistant to termite damage, ensuring structural integrity and durability.

The property sits on a generous 700 square meter block, offering ample outdoor space suitable for family activities, gardening, or entertaining guests. The spacious yard enhances the lifestyle potential of the home.

Greenvale is a friendly community located 203 kilometers north of Charters Towers along the Gregory Development Road and 235 kilometers northwest of Townsville in North Queensland. The town provides a range of amenities including a police station, post office transaction centre, hotel, Olympic-sized public pool, seniors citizen's centre, primary school (Kindergarten to Year 6), community hall, ambulance service, rural fire brigade, SES, service station/roadhouse, sports oval, and grocery delivery service.

The town is situated amidst gem fields and mineral-rich areas, with a current population of 238 residents. However, significant growth is anticipated due to planned developments and mining projects. Greenvale Energy has recently initiated the Oasis Project, focusing on drilling for rare earth minerals.

Nearby, the Sconi project is a proposed nickel, cobalt, and scandium mine aiming to produce battery-grade nickel and cobalt sulfates, with scandium oxide as a potential by-product. This major project is estimated to cost $1.4 billion and is planned to operate for 30 years.

Additionally, the Greenvale Military Training Area is being established under the Australia-Singapore Military Training Initiative (ASMTI), with commitments to maximize economic benefits and local industry opportunities in North Queensland throughout the initiative's duration. Preparatory meetings involving military personnel, local residents, and council representatives have been conducted in anticipation of the commencement of works.

This property represents a valuable opportunity to invest in a solidly built home in a community poised for growth and development. With some renovation and care, it offers potential for both comfortable living and rental income, with local rentals ranging from $350 to $500 per week.