Wot's it worth Boat been in the water 6 years

[boat193]

Hi All I have come across a Hatteras i think its around 18/20 Mtrs 1980ish it has been sitting in the water (sea) for at least 6 years nobody has been near it for that length of time. I did manage to get the keys and go aboard to have a look around, the outside needs a lot of TLC, the accommodation, is in a good all round condition and would only need a good clean, but the engines & running gear etc have not been run in over 6 years, they are GM V12s, I have no idea what she is like below the water, how do you put a value on something like this, ( as it's for sale as it stands)

 

[oldgit]

Hi All I have come across a Hatteras i think its around 18/20 Mtrs 1980ish it has been sitting in the water (sea) for at least 6 years nobody has been near it for that length of time. I did manage to get the keys and go aboard to have a look around, the outside needs a lot of TLC, the accommodation, is in a good all round condition and would only need a good clean, but the engines & running gear etc have not been run in over 6 years, they are GM V12s, I have no idea what she is like below the water, how do you put a value on something like this, ( as it's for sale as it stands)

Worth a read !
http://www.yachtsurvey.com/boatreviews/hatteras_61_motor_yacht.htm

 

[jrudge]

I would assume find the price of a good one ( it's 35 years old so that won't be much) and assume worst case.

I assume "as it stands" means you can't (try) to start it.

 

[gordmac]

I would think much would depend on the condition of the engines, would it be possible to get them running?

 

[Wandering Star]

With a consumption of 66 - 85 GPH of fuel, I think,I'd be rather relieved if the engines were found to be knackered and couldn't be started.

 

[oldgit]

Ouch

Rebuild 2K per cylinder !

 

[Divemaster1]

I would think much would depend on the condition of the engines, would it be possible to get them running?

V12 71 series most likely and if older, probably lazy, un-stressed lumps ... could also be non-turbo's which would be even better ... and as OG states around £1.5 - 2K per cylinder to get re-built .... but not always required....

Easy to inspect each cylinder in situ and assess what she needs ... all you need is a 14mm spanner, a torch, small screwdriver, a 32mm socket and a power bar... Open each airbox cover (14mm spanner) and squirt in some lube into each of the holes... rotate engine clockwise (32mm socket and power bar). If she rotates relatively easy that is good... check each piston and check that rings spring back when pushed in (screwdriver). Inspect cylinder bore (if you have borescope that is even better ... and you will end up with a relatively OK assessment if a re-build is required or not... Also if access under engine is good, you can do a re-build in situ.

It is not un-heard of these heavy duty lumps standing outside un-used for years, then a drop oil in each cylinder, quick tune up, new fuel and off she goes ... simple, reliable and non-fuzzy engines... really old school stuff ... give them clean fuel, good oil and air... treat them well and they'll run forever...

 

[aquapower]

Rebuild 2K per cylinder !

2001 price, says that report posted 2001

 

[boat193]

Hi All Thanks for your replys, I have ask if I can spend some time and check over the motors they said no it is to be sold as seen, as some of you have said it is very expencive to rebuild a motor, but i am in the offshore work and we use these GM motors in many pumps etc so I could even get hold of a compete unit if need be, but i have to put in a offer if i am interested, anyone have a ball park on what would be a sensible offer, at the moment i have a 40ft Sealine so it would be a big step up for me... but I was thinking of using it as a kind of floating Holiday hotel, and not going out in it that much....

 

[MarieK]

If nobody has been near it in 6 years then I assume no anodes replaced so stern gear will be in bad shape if its even still there!

 

[Divemaster1]

Ok ... let's assume she'll be a 61 (the 58 had V8's onboard) and the 61's out there around 1980 go for .... let's say about £180 - 230K

Re-build engines = about £50K and add some stuff for Turbo's, coolers etc., so make it a round £60K (assuming you can do this in situ ... if removal is needed, then there is additional cost to consider... or perhaps a complete re-engine cost...

Re-build Genny .. (probably two .... and rather large(ish) ones at that...), so let's assume another £20K there

New running gear will set you back ... perhaps £5 - 10K, pending condition..

Then I'd calculate lifting cost, replacement of through hull fittings, full walk through of EL & hydraulic systems, replacement batteries, bilge pumps, fridges, spruce up on AC units and general TLC + nav kit..... and transport to get here to where you can do stuff to her ... and the risk factor of blisters and other nasty stuff

So not much left of £100 - 120K to put her right (excluding risk factor)... so all depends on how much work you can / will do yourself...., but she could make a very nice boat if you have the time and do get her cheap enough ...

 

[vas]

From my experience of restoring a functional (JUST!) 13m craft, you can never offer the right amount.
Buy as is has a GREAT penalty and the seller should know

I'd offer 10k MAX!
I really think they should pay you to get it off their hands!

And I'm dead serious

V

Ps paid 20k euro for mitos and in hindsight should have paid 5-7k

 

[penpal]

You will never stop spending, I had a 37 year old Freeman, and it was a constant list of maintenance. Unless you are the type of person who is very practical and can do most jobs himself and fit enough, I would find a much newer boat.