Two bedroom apartment Canberra's most affordable sale

A two bedroom, two bathroom property in Narrabundah was Canberra's most affordable property at weekend auction.

The $420,000 apartment is situated in the leafy inner south suburb of Canberra, eight kilometres from the CBD.

The property last traded in 2006 for $320,000, an annual appreciation of 2.83%. It is currently being leased at $450 per week, a rental gross yield of 5.57 per cent.

Located on the top floor of the Milson complex, 37/34 Leahy Close features a private balcony and a spa bath.