(1) Purchase price = £41,750
(2) £10,000 for refurbishment cost
(3) Upgrade to heating system in 2000 = £3,000
(4) Flat soley in my name
(5) Total annual income = £37,578
(6) Uncertain at this stage but will include agent fees and solicitors - would assume £2.5k as a conservative measure - may be more, may be less.