enterprise
Well-Known Member
Pre facelift s28
IMO the older mk1 (pre-facelift) s28's only offer decent value for money IF and only If they are meticulously maintained and are in first class condition.
Lets consider two examples;
Buying a tired s28 with AD31's for around £40k, engines will have been used for well over a decade now, corrosion and fatigue will have started to take their toll, probably don't produce the 150hp anymore so are stressed everytime they leave the dock, the chances are the servicing will be a bit patchy, with a mix of DIY and professional attention to keep the costs reasonable.
Cosmetically it's going to need a bit of help, tired faded gelcote, the odd scrape and scratch to be fixed, window and port-light seals will be tired and will probably leak, the interior will have the distinctive musty/condensation smell from over a decade of use coupled with inadequate ventilation.
Chances are it will require more than just a clean, so basically, assume the boat is structurally fine, engines will be a concern, cosmetics will require funds to put right.
Lets assume prices around £40k for the tired example above.
Now add a few upgrades and essentials
Cockpit upholstery, tired PVC with a few ripped seams, now off white even when deep cleaned, around £1200 to replace but before you replace that, the reason they are probably bad would be the poor fitting and leaking canopy which could cost close to £2000 to replace, coupled with shrinking and leaking windscreen rubbers and the usual minor electrical faults, horn not working, radio not working etc, gas hose way out of date, safety gear and extinguishers all original so require replacement, so basically unless you can get a hefty discount your work is going to be cut-out fixing the faults, lets round it up to £1000 to trace and repair the misc faults, and that's before we even consider the interior.
Engine and drive service, £2000 (it will need doing unless there are recent receipts)
Interior soft furnishings and carpets can be around £1400 to replace (without replacing the foam)
So around £48k assuming there are no unexpected extras like new props etc, and you are willing to do the compounding and gel repairs yourself.
Add £1000 for surveys and £500 for additional mooring fees.
So all in approx £50k to change to an s28 with a market value when bought of £40k, albeit a much nicer one now you have done the work.
Buying a Mk2 Clean s28 of around £55k,
probably knock 10 years off the age of the first example, so has 10yr fresher engines and drives, probably Kad32's, engines well suited for the s28, not so stressed, serviced for the biggest majority of their life by VP or professional engineers although probably close to having DIY maintenance between regular servicing.
Newer interior, in all likelihood still in perfect condition as it's not had to many owners so probably no money to be spent there.
Still in regular use, cockpit still serviceable but canopies may need attention soon, reproofing would be the minimum at the moment.
Gelcote faded but not to the extent of major renovation, most things still work but again new gas hoses and safety equipment will need to be done, lets say £1000 as in example 1
Servicing, more than likely to have receipts being as it's a higher value asset, but say again £2000 to be safe, £1000 for surveys and the same £500 for additional berthing costs.
So around approx £60k for a boat that started at £55k, so IMHO better value for money.
There's going to be exceptions, older with replacement engines and upgrades etc, neglected newer!
So really you need to understand the relationship between price and value and make an offer based on a reasonable idea of the cost implications of buying the older boat, if you can only just afford the older one's, chances are you will struggle to justify the cost of doing it up even though it sounds a good idea.
IMO the older mk1 (pre-facelift) s28's only offer decent value for money IF and only If they are meticulously maintained and are in first class condition.
Lets consider two examples;
Buying a tired s28 with AD31's for around £40k, engines will have been used for well over a decade now, corrosion and fatigue will have started to take their toll, probably don't produce the 150hp anymore so are stressed everytime they leave the dock, the chances are the servicing will be a bit patchy, with a mix of DIY and professional attention to keep the costs reasonable.
Cosmetically it's going to need a bit of help, tired faded gelcote, the odd scrape and scratch to be fixed, window and port-light seals will be tired and will probably leak, the interior will have the distinctive musty/condensation smell from over a decade of use coupled with inadequate ventilation.
Chances are it will require more than just a clean, so basically, assume the boat is structurally fine, engines will be a concern, cosmetics will require funds to put right.
Lets assume prices around £40k for the tired example above.
Now add a few upgrades and essentials
Cockpit upholstery, tired PVC with a few ripped seams, now off white even when deep cleaned, around £1200 to replace but before you replace that, the reason they are probably bad would be the poor fitting and leaking canopy which could cost close to £2000 to replace, coupled with shrinking and leaking windscreen rubbers and the usual minor electrical faults, horn not working, radio not working etc, gas hose way out of date, safety gear and extinguishers all original so require replacement, so basically unless you can get a hefty discount your work is going to be cut-out fixing the faults, lets round it up to £1000 to trace and repair the misc faults, and that's before we even consider the interior.
Engine and drive service, £2000 (it will need doing unless there are recent receipts)
Interior soft furnishings and carpets can be around £1400 to replace (without replacing the foam)
So around £48k assuming there are no unexpected extras like new props etc, and you are willing to do the compounding and gel repairs yourself.
Add £1000 for surveys and £500 for additional mooring fees.
So all in approx £50k to change to an s28 with a market value when bought of £40k, albeit a much nicer one now you have done the work.
Buying a Mk2 Clean s28 of around £55k,
probably knock 10 years off the age of the first example, so has 10yr fresher engines and drives, probably Kad32's, engines well suited for the s28, not so stressed, serviced for the biggest majority of their life by VP or professional engineers although probably close to having DIY maintenance between regular servicing.
Newer interior, in all likelihood still in perfect condition as it's not had to many owners so probably no money to be spent there.
Still in regular use, cockpit still serviceable but canopies may need attention soon, reproofing would be the minimum at the moment.
Gelcote faded but not to the extent of major renovation, most things still work but again new gas hoses and safety equipment will need to be done, lets say £1000 as in example 1
Servicing, more than likely to have receipts being as it's a higher value asset, but say again £2000 to be safe, £1000 for surveys and the same £500 for additional berthing costs.
So around approx £60k for a boat that started at £55k, so IMHO better value for money.
There's going to be exceptions, older with replacement engines and upgrades etc, neglected newer!
So really you need to understand the relationship between price and value and make an offer based on a reasonable idea of the cost implications of buying the older boat, if you can only just afford the older one's, chances are you will struggle to justify the cost of doing it up even though it sounds a good idea.
