An ideal fixer-upper?

Isobel said:
Salcombe Harbour Authority have listed a repossessed yacht on eBay, she needs a fair amount of work on the inside but externally she seems in pretty good shape! Could make a great fixer-upper, at the moment the highest bid is just £112.

http://www.ybw.com/news-from-yachti...essed-yacht-listed-on-ebay-for-just-99p-10762
Click to expand...

I think the accepted calculation is : -

££VALUE OF DUN UP BOAT = (£MAUB +££££FIX UP COSTS)/2

But I guess it depends on how much spare time you have. It's taken me two months to varnish our wash boards. And they're in the kitchen.
 
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