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Post by sheep911uk on Nov 25, 2023 12:48:27 GMT 1
I am looking to purchase a matching numbers 350 in the future, I’m looking for advice on what sort of money I would be looking at paying for a barn find project ?
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Post by stusco on Nov 25, 2023 13:05:29 GMT 1
A 4l0 will be more than a 31k
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Post by JonW on Nov 25, 2023 13:11:02 GMT 1
It all depends on what it needs I would think.
people say that the market is soft now, plus its winter. But, barn finds always are worth more than what youd think compared to nice bikes, and when the market is soft projects always seem to cost much the same when nice bikes drop. People always think they can do a project on the cheap and those who went before must have wasted money... it never pans out like that lol.
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Post by sheep911uk on Nov 25, 2023 13:18:30 GMT 1
I guess it’s a bit of a subjective question but I guess it would need a full strip down, engine recommission and respray.
Just looking for a ballpark figure of what I might expect to pay.
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Post by jessy03 on Nov 25, 2023 13:25:23 GMT 1
I’d make sure it has all the hard bits/expensive bits on it, otherwise it becomes very expensive.
Exhausts
Headlight brackets
Rear subframe
Centre stand
Number plate holder
Etc….
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Post by 4l04ever on Nov 25, 2023 13:45:07 GMT 1
I would guess around 5k for a good import project bike in it's original state with matching numbers but all complete.
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Post by sheep911uk on Nov 25, 2023 13:52:03 GMT 1
Thanks all
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Post by masonmart on Nov 25, 2023 14:33:57 GMT 1
The Yams are moving now into classic Classic territory. Donor bike price inflation especially ahead of winter for winter projects, parts price inflation and yet deflation in complete bike prices. I reckon £4,500 for a suitable donor bike and a minimum of £10,000 to do a decent restoration. How do I know? Just finishing one.
I'm after another one if anybody has a complete bike.
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Post by geoffers997 on Nov 25, 2023 21:27:01 GMT 1
I saw this on Car & Classic: www.carandclassic.com/car/C1662739€2800 plus all the import costs and taxes I took one look and jogged on but doubled back after reading what’s been said on this thread. Is this sea anchor really worth north of £3k just for starters? |
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Post by donkeychomp on Nov 25, 2023 22:05:08 GMT 1
Get a complete one. I mean everything has to be there, clocks, centre stand, all the expensive bits. Make sure the tank is top notch too. You will need an engine rebuild unless you have positive proof it's been done or know the seller. That's £2k. If the tank is FUBAR add another £450 and then paint costs. One that has all the bits would be circa 4-5K. They come up for sale her occasionally and this is the best place to get one. If you decide to go and see a bike take someone who knows them along with you.
Alex
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Post by tony2stroke on Nov 25, 2023 22:07:21 GMT 1
I saw this on Car & Classic: www.carandclassic.com/car/C1662739€2800 plus all the import costs and taxes I took one look and jogged on but doubled back after reading what’s been said on this thread. Is this sea anchor really worth north of £3k just for starters? It's what you're going to need to pay in today's market. Although I would like to point out that it has 250lc exhausts, I can see the blue paint on the hangers. |
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Post by masonmart on Nov 25, 2023 22:46:07 GMT 1
I bought my bike as supposedly an F1 Naked, complete and running when it had been disassembled. The person had spent a lot of money on painting the frame, tank and panels but the reality was that the bike was an F1 with an LC2 front end and the attention was in the detail. No CDI, no wiring loom, LC2 parts when they should have been 57V, many parts were junk and anything that had been touched had been done very badly to a very low level of quality. A very large fraction of the smaller parts and most of the fasteners were missing or corroded junk and many key components like the callipers and MC's were beyond recovery. I have spent a lot of time and money getting the bits that were missing and I started out knowing nothing about the bikes. I missed the UK YPVS era due to working abroad and when I came back I was a British 4T addict.
Don't buy anything that isn't complete or completely inventorised, don't touch anything restored unless you know who did it and recognise that many people selling the donor bike and any parts will be lying through their teeth. Many people that are selling restored bikes are doing so because they have made a pigs ear of it. Learn about the bikes as much as you can too if your not familiar because the models changed a lot and parts aren't necessarily interchangeable. I got badly burned at £4500 in boxes unseen and I've doubled that in parts alone the cost of which are inflating by the day. Any bike or engine not well restored will generally need an engine overhaul for confidence and that could cost £2,000 minimum to get somebody else to do it properly. Don't get me wrong, I have really enjoyed doing mine and learning so much about these iconic bikes. Most of all we need to accept that the cost to buy and restore a really nice finished bike will possibly be double or even treble the price compared to what you spent buying and restoring the bike. The second hand market is dead even for YPVS's except project bikes! Amazing.
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Post by reedpete on Nov 26, 2023 10:17:29 GMT 1
I am looking to purchase a matching numbers 350 in the future, I’m looking for advice on what sort of money I would be looking at paying for a barn find project ? It might help to consider like this… what’s a UK 4L0 matching frame and cases worth with a v5…. ( not sure but £1300-1800) what’s a set of useable 4L0 barrels worth £500-£800 Then full set of black plastics , inner and rear guard, battery box, chain guard, coil cover, rear number plate bracket.. £500+ And clocks £500 main stand, rear subframe, lift handle, side stand… another £500 and we’ve barely scratch the surface…. so a barn find with everything there is a breakers dream.. probably worth 5-6K in bits… so as Rob said and based on breakdown about…think 5K as a reference… then depends on how much rot and damage on various parts … tank, pipes, bodywork. |
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Post by abar121 on Nov 26, 2023 12:15:03 GMT 1
5k or more for a good base bike, as above. Do it for the love, not the money these days  |
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Post by sheep911uk on Nov 26, 2023 12:54:30 GMT 1
Sound advice thanks all
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Post by fletche36 on Nov 26, 2023 17:18:37 GMT 1
To be honest i dont see them at the prices mentioned above. A quick look through the for sale section on here shows some very tidy bikes that have struggled to sell for really keen prices and some of these have been restored to a good standard. A lovely ypvs for under £6k, why would you want to find a " barn find" and do it yourself? i know what i would be doing.
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Post by JOHN-DYNOSTAR on Nov 27, 2023 17:59:31 GMT 1
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Post by masonmart on Nov 27, 2023 18:34:39 GMT 1
To be honest i dont see them at the prices mentioned above. A quick look through the for sale section on here shows some very tidy bikes that have struggled to sell for really keen prices and some of these have been restored to a good standard. A lovely ypvs for under £6k, why would you want to find a " barn find" and do it yourself? i know what i would be doing. It depends whether you want the bike to use or whether you are interested in doing the resto and restoring a classic bike to road status again. This can be very satisfying. |
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Post by shaunthe2nd on Nov 27, 2023 19:03:59 GMT 1
I've bought projects at £1500, then spent £6,500 on it and sold for £8,000, and also bought them at £5,000, spent a further £5,000 and sold for £10,000, and this doesn't include my time, just the parts and any services I pay for (painting, rebores etc).
But, the sell price for completed bikes has dropped significantly over the last year or so, yet the cost of a project and the parts/services, if anything have gone up, making it even harder to restore and then recover your costs, so its even more about doing it for the love than before.
This is the first year in about 10 that I haven't taken on a bike resto project (due to house build absorbing my time and money), but this could be a financial blessing, although i do love the challenge f taking a scrap bike through to being a minter.
It seems to be the case in the classic car scene as well, you are financially better off buying a completed resto that someone who knows what he's doing has completed that doing one yourself. Its a bit mad, but that's how it seems to be at the mo.
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Post by dusty350 on Nov 27, 2023 19:24:20 GMT 1
I agree Shaun. Last 3 resto's I've done - Lc Hybrid, Lc/Pv Hybrid and the 400E hybrid all sold for more than the build cost. The umpteen builds before them all sold at a loss - not a massive loss, but a loss non the less. The current KR 350Lc wont sell for what it has cost to build, so I'm back in familiar territory !! Still, I dont build for potential profit - I build as a hobby and as long as I can fund the next one by selling the current one I'm happy. BUT, it's getting more expensive all the time to build projects. As already mentioned' parts prices are still rising, both new and used, and costs for running electricity/gas/tooling for pro services is continuing to rise too. Import costs have risen dramatically since Covid, so all imported goods cost more too. We have preached it enough on here, but it's more important than ever - buy the most complete bike you can in the best condition you can find. Rotten bikes in boxes with parts missing will cause financial nightmares for most of us. I'm not sure how many builds I have left in me, but the one thing that will stop them is cost, and it's now getting very hard to justify the costs, especially on used parts that are 40+ years old. |
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Post by JonW on Nov 27, 2023 23:05:33 GMT 1
Thats a very late R... on an R! very nice too for little money. |
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Post by midlifecrisisrd on Nov 27, 2023 23:16:01 GMT 1
Thats a very late R... on an R! very nice too for little money. It certainly is late Strange on such an early frame number although I don't remember all those other charectors in the vin of the one I had I have a mate with a real low mile one, he'll spit his tea out at that price Steve |
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Post by reedpete on Nov 27, 2023 23:22:49 GMT 1
To be honest i dont see them at the prices mentioned above. A quick look through the for sale section on here shows some very tidy bikes that have struggled to sell for really keen prices and some of these have been restored to a good standard. A lovely ypvs for under £6k, why would you want to find a " barn find" and do it yourself? i know what i would be doing. Generally agree yes, but not too many (if any) matching numbers UK 4L0s though amongst them. Think the logic which has probably now been straightened out was that it should be possible to find a matching numbers Uk 4L0 under a dusty covering if detritus and restore it for a cost less than one that’s done… but as most if us know, that’s not how the numbers work… |
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Post by JonW on Nov 28, 2023 0:58:12 GMT 1
Totally agree Pete, that is not the reality in the 2020s. used parts, nos parts and even new parts (from yam and aftermarket) are not cheap. Post isnt cheap. And if you pay someone to do anything for you its not cheap... and yet projects are still more valuable than ever as people think those that went before were somehow wrong and overspent but the newbie knows something they dont. which they dont lol
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Post by reedpete on Nov 28, 2023 5:10:33 GMT 1
Maybe one reason people by projects even though the gross cost is more expensive is due to cash flow…
Buy the soul of a bike and a foot on the ownership ladder, then slowly spend across time.
Pay as you go is big in society and unfortunately results in those who have less paying more…
and we are talking about a single project when you have no parts stash….
Unfinished projects, barn finds, parts job lots are still very attractive IF you can buy at the right price… but that’s a long game and is a hobby/lifestyle in itself; but needs cash and space … plenty of us in that category I think…
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Post by masonmart on Nov 28, 2023 11:38:05 GMT 1
Totally agree Pete, that is not the reality in the 2020s. used parts, nos parts and even new parts (from yam and aftermarket) are not cheap. Post isnt cheap. And if you pay someone to do anything for you its not cheap... and yet projects are still more valuable than ever as people think those that went before were somehow wrong and overspent but the newbie knows something they dont. which they dont lol Jon, I don't believe that anybody really thinks that. I believe that projects are valuable because projects for all bikes are in big demand; they were also an iconic bike which appeals to a broad spectrum of people who are now in far greater numbers than those wanting to restore old British bikes for example. The other great thing which pushes demand for projects is that the Yams are a realitively easy resto with lots of donor bikes available (fast diminishing) and vast amounts of parts available (also diminishing) compared to some older bikes. I'm new to the bikes but am almost complete on my first, I have spent a lot of money but I doubt that many would do it cheaper, they take what it takes to get how you want it. Where I perhaps made a mistake was too many orders for small numbers of bits. I don't hold with the "newbie" bit neither, we're all enthusiasts who enjoy the bike or just conservation by restoration. |
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Post by 4l04ever on Nov 28, 2023 17:50:00 GMT 1
Maybe the demand for projects is driven by people who love the restoring process. I do enjoy searching for rare parts and finding solutions when the original parts are not available or are poor in terms of function or quality. When you look at it this way, the cost is just what it takes for you to do your hobby and keep your mind occupied.
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Post by tony2stroke on Nov 28, 2023 19:43:22 GMT 1
Maybe the demand for projects is driven by people who love the restoring process. I do enjoy searching for rare parts and finding solutions when the original parts are not available or are poor in terms of function or quality. When you look at it this way, the cost is just what it takes for you to do your hobby and keep your mind occupied. Snap! |
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Post by daveyl on Nov 28, 2023 20:01:04 GMT 1
Over a period of the last 4 years, I stripped restored a matching numbers 4LO.
German import, got it registered historic, advertised it for 8k which it sat at for a few weeks. I dropped it to 7500 and it sold within a couple of days. It was mint like.
It was bought by a dealer who then put it up for >11k
Unsure what it sold for from dealer.
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Post by fletche36 on Nov 28, 2023 20:11:33 GMT 1
Strikes me that the dealer isnt up to date with current prices and assumed he had found a 7.5k bargain, which it would have been 12 months earlier. Bottom line is, if didnt sell at 8k it isnt going to sell at 11k.
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