	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,556	£45,224	£46,355	£47,514	£48,939	£232,588
Total Expenses	£45,734	£45,847	£46,003	£46,162	£46,348	£230,093
Profit Before Tax	£-1,178	£-622	£352	£1,351	£2,592	£2,495
Profit After Tax	£-1,178	£-622	£287	£1,095	£2,099	£1,680
Change In Property Value	£10	£10	£19,800	£35,344	£47,032	£102,196
Net Return	£-1,168	£-612	£20,087	£36,438	£49,132	£103,876
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%