	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,964	£9,098	£9,235	£9,466	£9,702	£46,466
Total Expenses	£11,905	£11,969	£12,023	£12,088	£12,155	£60,141
Profit Before Tax	£-2,941	£-2,870	£-2,789	£-2,623	£-2,452	£-13,675
Profit After Tax	£-2,941	£-2,870	£-2,789	£-2,623	£-2,452	£-13,675
Change In Property Value	£3	£5,600	£9,996	£13,302	£9,267	£38,168
Net Return	£-2,939	£2,730	£7,208	£10,679	£6,815	£24,493
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-3%	-16%
Total Net Return (%)	-3%	3%	8%	12%	8%	28%