A worthwhile project?

C

Cerddinen

Well-Known Member
Joined
11 Dec 2006
Messages
313
Location
South West, UK
Visit site
There is a Hunter Legend 450 on Ebay that seems to have a bargain price:

cgi.ebay.co.uk/Hunter-Legend-450-Passage_W0QQitemZ330396066364QQcmdZViewItemQQptZUK_Sporting_Goods_Sailing_Boats_ET?hash=item4ced23e23c

It is also on Boatshed where the pictures give the impression that it has been underwater or at least very seriously flooded:

portsolent.boatshed.com/hunter_legend_450-boat-77172.html

What would be a fair price?
 
What would be a fair price?

Probably the offers he considers cheeky and has refused to date.

In 2006, a 2002 Hunter 42 was moored next to us in Lagos. The owner had recently paid £80k for it, and it had everything on it including generator and watermaker. I'd guess that, in good nick, the 45 might be worth £65k-£70k tops.
 
I think I'd perhaps start by asking him if it's been underwater, or why it's in the condition it's in, see what he says. If it has and he's not been up front that's a bit naughty (IMO) and not helping his cause. From his description it sounds like he bit off more than he can chew (no disrespect to him intended), doesn't really sound like a sailor, and the sale looks like a damage limitation exercise but, as he says, he's not going to let it go for stupid money (at the moment). If you think you might well be the one to take it on go & have a look, if it's a big maybe, just play a waiting game, it could well end up going for silly money...

Oh and the link is here...
 
The photos on eBay seem to have been carefully chosen to leave out all the mankier bits. And why has neither the owner nor the broker come clean on why a 12 year old boat is in that state?

As I started looking at the photos, topsides she looked quite nice (well, acceptable). Then the pictures of the interior! Even disregarding the awful condition of everything, the woodwork looks dark, dingy and nowhere near as good as the Legends I have been on. Probably something a Bav-basher would love.

So: a full mechanical overhaul (maybe a new engine or new genset). A full electrical overhaul, probably including all new wiring and quite a lot of other parts. All-new soft furnishings and huge manhours on the woodwork. It will be a brave man indeed ........
 
"....Samba is a UK registered yacht from new, I own her outright and have paid the vat on her also....."
Click to expand...

Interesting....!

It rather looks like she's been vigorously valeted on the outside. That 'P-bracket' looks newly painted. The cutter looks newly fitted....

At around £40-45000, I might be tempted to ask someone to poke around with a toffee hammer and a moisture meter.

Surely someone will identify the boatyard from the chalk cliffs behind and the modern housing development..... behind Hayling Island? Close by?

?
 
I think the owner must be quite new to the world of boat owning, and doesn't realise the cost and time involved in a project like this! He seems to adopt quite a defensive tone towards the end of the description!

The costs of bringing this back to top condition (which are the sort of boats he is using for comparison cost wise) are huge! Min £10K for engine, 5K for genset 5 k for wiring etc, 5k for interior refurbishments, new rigging, sails, instruments, plus the boat yard costs!
If it went for under 40K it would be worth considering, but it would still be a brave person!
 
seanfoster said:
The costs of bringing this back to top condition (which are the sort of boats he is using for comparison cost wise) are huge! Min £10K for engine, 5K for genset 5 k for wiring etc, 5k for interior refurbishments, new rigging, sails, instruments, plus the boat yard costs!
If it went for under 40K it would be worth considering, but it would still be a brave person!
Click to expand...

Not to mention the cost of fitting a rudder that won't snap off. :D
 
I had to collect some repaired gear from Raymarine yesterday so I went to take a quick look at the Legend - externally only. The outside condition seemed good. There was a gelcoat repair under the transom and another at the widest point of the beam just under the toe rail. I had expected to find more serious damage or at least something to explain the interior. If anyone else is interested it is in Port Solent next to the road between the SUnsail base and the shopping centre.
 
trapezeartist said:
The photos on eBay seem to have been carefully chosen to leave out all the mankier bits. And why has neither the owner nor the broker come clean on why a 12 year old boat is in that state?
Click to expand...

Think I can give you a clue! Google the boat's name and it transpires that it was seized by Customs off South Wales in 2006 with £6.5m of cocaine aboard.

Not to be sniffed at.
 
Sailed from the US loaded with drugs? If I had known I would have offered to lick his bilges clean. Seriously, this could mean it is not CE marked and not VAT paid. If so, a bundle of problems for someone.
 
Cerddinen said:
and not VAT paid
Click to expand...

Now there is an interesting thought. HMCE confiscate the yacht and after the trial flog it off. New owner decides too much work, so also flogs it on. Next owner is stopped by HMCE for no VAT and import duty so they confiscate the yacht ........ :)

Pete
 
Cerddinen said:
Sailed from the US loaded with drugs? If I had known I would have offered to lick his bilges clean. Seriously, this could mean it is not CE marked and not VAT paid. If so, a bundle of problems for someone.
Click to expand...

I expect that when HMRC sold it they would have charged and recorded VAT properly. CE mark is irrelevant - isn't it? - to anything anyone really cares about. Does Velsheda have a CE mark?
 
Would not worry about CE Mark as it was in UK prior to CE coming in. Also if it was bought fro HMRC then it would be all taxes paid.

Leaving aside the potential problems with the rudder, which can be sorted by having one made with an SS stock, the low price and defensive tone suggests there is more work than just a smarten up. Problem with the value of the finished boat is that it is a rare and not very desirable boat in the UK, but could make a nice Med liveaboard for somebody not interested in pedigree!
 
You must log in or register to reply here.

Share this page

Top