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On 1 May 2018, Rafe started to invest in rented properties using capital inherited from his grandfather. He bought two houses in the first three months, as follows. House 1 Rafe bought house 1 on 1 May 2018. It needed a new roof before it was fit to be let out. Rafe paid £5, 000 for the work to be done in May. He then let it unfurnished for £600 a month from 1 June to 30 November 2018 payable on the first day of each month. The tenant also paid a security deposit of £1, 000. The house was empty throughout the rest of the tax year. Rafe used £200 of the security deposit to pay for cleaning due to the poor state in which the house had been left by the tenant and repaid the remaining £800 back to the tenant. On 1 June 2018 Rafe paid a buildings insurance premium on the house of £480 for the period from 1 June 2018 to 31 May 2019. House 2 Rafe bought house 2 on 1 July 2018. He spent £1, 200 on routine redecoration and £5,300 on new furniture in July, and let the house fully furnished from 1 August 2018 for £5, 200 a year, payable annually in advance. In March 2019, the tenant damaged a sofa which was part of the furniture bought in July 2018 and Rafe bought an identical replacement sofa for £800. The damaged sofa was scrapped with no value. Rafe used his own car to travel 100 miles during the period 1 July 2018 to 5 April 2019 in respect o f this letting. He wants to use the approved mileage allowances. During 2018/19 Rafe also rented out one furnished room of his main residence. He received £7, 850 and paid allowable expenses of £875. Required Compute Rafe 's property business income for 2018/19.
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