	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,200	£52,983	£54,308	£55,665	£57,335	£272,491
Total Expenses	£53,243	£53,367	£53,543	£53,722	£53,932	£267,807
Profit Before Tax	£-1,043	£-384	£765	£1,943	£3,403	£4,684
Profit After Tax	£-1,043	£-384	£620	£1,574	£2,757	£3,523
Change In Property Value	£12	£12	£23,200	£41,413	£55,109	£119,745
Net Return	£-1,031	£-373	£23,820	£42,987	£57,865	£123,268
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	14%	30%