I have 2
steel sailboats. At first glance the
price seems a bit high, it is an around $54,000 US.
The thing is local bias tends to be a big driver in
steel boat prices. Here in the US steel had a bad reputation and thus they are
cheap. In Western
Europe they are more well regarded. Not a clue in NZ.
IMHO the ONLY way to value the boat, assuming you truly like it, is to first confirm the
hull. Various
survey methods are next to worthless because the
rot can be very localized and easily missed on an ultrasound
survey.
You get a get light, a big screw driver and a ball peen hammer and go through the
interior of the
hull. Pay special attention to places that are hard to get to. The lazerette and chain locker are usual suspects but also under or behind tankage. With the boat hauled out, OUT OF THE
WATER, go poking aggressively with the screwdriver and tapping with the hammer, see what you can chip out.
It would not he unusual to have a bad spot the owner does not know about.
IF you find a bad spot the look at how hard it is to fix. Can you get good
interior access? Steel
repairs are relatively easy provided you can make the area safe on the inside, don’t want to set it on fire.
I have seen far newer
boats bought for a song that, once a careful PRACTICAL survey, was done, turned into major
repair projects, or scrap.
OTOH, if the hull is sound then it should have many years left. And then the decision becomes the same as any other boat.
Best of luck. Give us some feedback please.