	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,552	£21,875	£22,422	£22,983	£23,672	£112,504
Total Expenses	£23,155	£23,233	£23,331	£23,431	£23,543	£116,693
Profit Before Tax	£-1,603	£-1,358	£-909	£-448	£130	£-4,189
Profit After Tax	£-1,603	£-1,358	£-909	£-448	£130	£-4,189
Change In Property Value	£5	£5	£9,578	£17,097	£22,751	£49,435
Net Return	£-1,598	£-1,353	£8,669	£16,648	£22,880	£45,246
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%