	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£0	£0	£0	£0	£0	£0
Total Expenses	£9,400	£9,450	£9,491	£9,533	£9,576	£47,451
Profit Before Tax	£-9,400	£-9,450	£-9,491	£-9,533	£-9,576	£-47,451
Profit After Tax	£-9,400	£-9,450	£-9,491	£-9,533	£-9,576	£-47,451
Change In Property Value	£6,900	£11,845	£14,925	£15,820	£13,974	£63,464
Net Return	£-2,500	£2,395	£5,433	£6,287	£4,399	£16,014
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-41%
Total Net Return (%)	-2%	2%	5%	5%	4%	14%