Would this Sealine 42/5 be a good deal ?

[prinex]

Sealine F 42/5

I was down in the marina and this boat was there, I know the broker etc so we ended up visiting the boat (I have already a boat so I dont need a second one) - it did not look that bad, no smell, engine room was clean and maintained, low-hours engine - bit tired in a sense that the last 1-2 years must not had the usual teak cleaning, hull polishing but all in all a decent boat with 2 decent cabins.

Con: it needs a osmosis cure that the owner is willing to pay for (at least in part, I think the idea you get a brand new hull which is more worth than the old one or so).

The owner was getting offers in the 100K Euro, he would probably settle for 120K or so. Similar boats are priced twice as much in the market so maybe this would make a decent "first boat" for the med for someone.

 

[DavidJ]

Based on my old Sealine S37 (same year and in immaculate condition) resold this year for £85k. I think if you ignore the osmosis problem it’s priced about right before haggling.
With the osmosis problem then not so great.
Not sure where you get your data from about similar boats being twice as much. Sounds like broker talk to me.

 

[aerobat]

I recently also bought a gobbi 375sc with known osmosis and went thru all the learning process what it means .

If the seller is willing to pay to get the job done in a professional osmosis specialized yard you will have a better hull than any other 2002 sealine .

 

[Sticky Fingers]

Based on my old Sealine S37 (same year and in immaculate condition) resold this year for £85k. I think if you ignore the osmosis problem it’s priced about right before haggling.
With the osmosis problem then not so great.
Not sure where you get your data from about similar boats being twice as much. Sounds like broker talk to me.

Agree with this, and the Osmosis fix won’t be cheap. Call that 50k off. So at 100k euro it’s a fair price. But no way it’s worth 300k in any known universe.

 

[DavidJ]

Always makes you wonder why the seller doesn’t fix the osmosis problem first. My suspicious mind thinks he’s hoping for a non survey buyer

 

[Momac]

All depends on the nature and extent of the alleged Osmosis and cost for a remedy.
Is the problem extensive or just a few blisters ?

 

[volvopaul]

Very nice Sealine F42/5 at Eastbourne marina uk , on with Ancasta .

 

[aerobat]

Always makes you wonder why the seller doesn’t fix the osmosis problem first. My suspicious mind thinks he’s hoping for a non survey buyer

Correct . In my case the seller initially tried to hide it , i reported the story here

 

[Greg2]

Agree with this, and the Osmosis fix won’t be cheap. Call that 50k off. So at 100k euro it’s a fair price. But no way it’s worth 300k in any known universe.

I guess it depends on where you get the treatment done but a boat in our marina had it done by a reputable yard at a lot less than £50k. It was a slightly smaller boat but working on what he paid it would be very comfortably less than 50% of that figure on the east coast. Maybe more on the south coast?

I agree on value of the boat though - no way it would be worth £300k or anything near that.

 

[Sticky Fingers]

I’d not want to assume the risk myself for less than 50 but that’s me. If the seller gets it fixed by a reputable yard and then an independent survey comes out well, might be buyable around the asking price. But that’s a season wasted.

Find another boat, plenty on the market…!

 

[aerobat]

Professional osmosis treatment of the entire hull is around 20-25k eur ( for a 37 footer ) , should like in my case the removal of both engines be needed to work the transom it might spiral up of course .

The work is time consuming so i agreed with the yard to do the work next winter . They now just grinded and patched me the regions so i can use the boat this season .

 

[Sticky Fingers]

Professional osmosis treatment of the entire hull is around 20-25k eur ( for a 37 footer ) , should like in my case the removal of both engines be needed to work the transom it might spiral up of course .

The work is time consuming so i agreed with the yard to do the work next winter . They now just grinded and patched me the regions so i can use the boat this season .

It will spiral. That’s peanuts. Plus you’ve got yard fees, tenting, disposal of waste… IMHO buying a boat with proven but untreated osmosis means massive discount on the price. Or the seller fixes at their expense then pays for a professional survey to prove all good.

 

[aerobat]

It will spiral. That’s peanuts. Plus you’ve got yard fees, tenting, disposal of waste… IMHO buying a boat with proven but untreated osmosis means massive discount on the price. Or the seller fixes at their expense then pays for a professional survey to prove all good.

You are correct . Everybody really needs a sharp look for additional , not immediately visible costs when closing a deal on an osmosis hull .

 

[Sticky Fingers]

A friend recently completed a deal on an Azimut 42 which was found in survey to have water ingress on the transom; the seller fixed it at their expense and the deal was completed to the satisfaction of both parties. The cost for this modest area was in excess of £12k plus yard fees, survey, lift and launch. Maybe 18k in all. So my gut feel of 50k for a hull osmosis fix on a 42’er still doesn’t seem way off.

 

[PaulRainbow]

I recently also bought a gobbi 375sc with known osmosis and went thru all the learning process what it means .

If the seller is willing to pay to get the job done in a professional osmosis specialized yard you will have a better hull than any other 2002 sealine .

You keep saying this, but it's not really true. There are thousands of boats out there that have been epoxy coated from new, or nearly new and will be as good, if not better, than one that has had osmosis and been treated.

 

[aerobat]

You keep saying this, but it's not really true. There are thousands of boats out there that have been epoxy coated from new, or nearly new and will be as good, if not better, than one that has had osmosis and been treated.

Well thats not my personal opinion but the opinion of two different , gfk specialized yards in netherlands . Both say no manufacturer of recreational boats puts several layers of a true watertight barrier on the laminate out of the box .

It might be you have more expertise on this than these yards and they of course advertize their work , but i hope the work will be at least good enough for me .

My recommendation after going thru this process : when the boat is in a good overall condition but has osmosis there is no need to generally walk or run as long as the deal includues a carefully calculated discount or a full coverage of the seller.

 

[aerobat]

So my gut feel of 50k for a hull osmosis fix on a 42’er still doesn’t seem way off.

i agree. In fact the final quote , with additional liftouts, yard movements to different working stations , engine pullout and another seatrail after reinstall etc is 55k eur for a gobbi 375sc

 

[PaulRainbow]

Well thats not my personal opinion but the opinion of two different , gfk specialized yards in netherlands . Both say no manufacturer of recreational boats puts several layers of a true watertight barrier on the laminate out of the box .

I didn't say they do, but plenty of owners pay to have it done from new, or as future owners. My boat has epoxy coating, as did the previous one.

It might be you have more expertise on this than these yards and they of course advertize their work , but i hope the work will be at least good enough for me .

Again, i didn't say you would not get a good job, but i disagree with "will have a better hull than any other 2002 sealine"

My recommendation after going thru this process : when the boat is in a good overall condition but has osmosis there is no need to generally walk or run as long as the deal includues a carefully calculated discount or a full coverage of the seller.

You are probably the only person on this forum who thinks buying a boat with osmosis, needing £50K plus spending on it and the loss of a seasons boating, makes it a better buy than one in good condition !!

 

[Sticky Fingers]

…

You are probably the only person on this forum who thinks buying a boat with osmosis, needing £50K plus spending on it and the loss of a seasons boating, makes it a better buy than one in good condition !!

Yup, I was thinking the same. This is a production boat, pretty standard all round there are loads of others on the market. Walk away. Or buy very cheap.

 

[aerobat]

Gentlemen , believe me that you miss a very crucial point but i cannot further comment ...

And i,m not loosing a season . It will be done in winter ...