	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£0	£0	£0	£0	£0	£0
Total Expenses	£32,405	£32,455	£32,496	£32,538	£32,581	£162,476
Profit Before Tax	£-32,405	£-32,455	£-32,496	£-32,538	£-32,581	£-162,476
Profit After Tax	£-32,405	£-32,455	£-32,496	£-32,538	£-32,581	£-162,476
Change In Property Value	£28,350	£48,668	£61,321	£65,000	£57,417	£260,756
Net Return	£-4,055	£16,212	£28,825	£32,462	£24,836	£98,280
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-25%
Total Net Return (%)	-1%	2%	4%	5%	4%	15%