If you register, you can do a lot more. And become an active part of our growing community. You'll have access to hidden forums, and enjoy the ability of replying and starting conversations.

Loco Valuations

Discussion in 'Steam Traction' started by CymruGarratt, Apr 15, 2022.

  1. CymruGarratt

    CymruGarratt New Member

    Joined:
    Mar 20, 2008
    Messages:
    68
    Likes Received:
    13
    What would one sensibly expect to pay for an Austerity sized loco in good working order and with several years on its boiler ticket, if one came up for sale?
    CG
     
  2. Flying Phil

    Flying Phil Well-Known Member

    Joined:
    Dec 10, 2018
    Messages:
    2,168
    Likes Received:
    4,184
    Gender:
    Male
    Location:
    Leicestershire
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    I am surprised that there has been no reply to this question yet. There must have been two or three sold in the past few years? Obviously though, the price will depend upon how many other buyers there are at the time and how much they are prepared to pay.
     
  3. mdewell

    mdewell Well-Known Member Friend

    Joined:
    Mar 23, 2005
    Messages:
    1,302
    Likes Received:
    1,857
    Occupation:
    UK & Ireland Heritage Railways Webmaster
    Location:
    Essex
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    Private locomotive sales are often reported as being for 'an undisclosed sum', so unless someone directly involved is willing to reply . . .
     
  4. Steve

    Steve Resident of Nat Pres Friend

    Joined:
    Oct 7, 2006
    Messages:
    11,147
    Likes Received:
    8,575
    Occupation:
    Gentleman of leisure, nowadays
    Location:
    Near Leeds
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    There are a lot of variables, one of which is how much the seller thinks its worth and how much the buyer wants the loco. The market value will drop off as the boiler ticket ticks away. Most sellers seem to think their loco is worth more than those in the market to buy. Most locos don't sell for the asking price, often much less. I've known a couple of small industrial 0-4-0's go on the market for £20K and actually sell for less than £10K. With nearly 10 years, if it is an Austerity, I'd ask £150k but be prepared to accept £100K if that's all that you're offered, perhaps even less. If it is an 'austerity sized loco' other factors may come into play. For example, a Jinty is austerity sized and would command more than that.
    Just my thoughts. Others may disagree.
     
    S.A.C. Martin and 26D_M like this.
  5. D6513

    D6513 New Member

    Joined:
    Aug 22, 2015
    Messages:
    28
    Likes Received:
    21
    Gender:
    Male
    Heritage Railway Volunteer:
    No I do not currently volunteer
    I did look to buy an austerity, with a contract for certain number of steamings a year and 5 years on its boiler ticket and the owner was looking for £150k. Just a bit more than I thought it was worth .
     
  6. Wagoniester

    Wagoniester Member

    Joined:
    Nov 30, 2017
    Messages:
    443
    Likes Received:
    555
    Gender:
    Male
    Location:
    Essex
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    Difficult one.

    A 16" Hunslet out of ticket in need of overhaul was reported as sold for about £30k about 5 years ago.
    There were posts for a pannier being for sale believed to be in the region of £250k .

    Depending on who you ask, an Austerity is probably between these two in terms of desirability and power. I would imagine £100k-£150k for an in-ticket one being about the right figure.

    (Looking back to 2014 on waybackmachine at the now defunct Car Services website, austerity No.72 was for sale with 9 years of ticket at an asking price of £180k.)
     
  7. alexl102

    alexl102 Member

    Joined:
    Mar 1, 2019
    Messages:
    229
    Likes Received:
    132
    Gender:
    Male
    Location:
    Leeds
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Would the fact that a Jinty is a 3F (compared to the 4F rating of an Austerity) affect the price at all? Does being a 'mainline' loco rather than an industrial make it more desirable?
     
  8. flying scotsman123

    flying scotsman123 Resident of Nat Pres

    Joined:
    Sep 9, 2013
    Messages:
    10,082
    Likes Received:
    16,631
    Gender:
    Male
    Location:
    Cheltenham
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    I would say so, yes.
     
    paullad1984 likes this.
  9. Matt37401

    Matt37401 Resident of Nat Pres

    Joined:
    Jun 8, 2014
    Messages:
    12,666
    Likes Received:
    8,536
    Occupation:
    Nosy aren’t you?
    Location:
    Nowhere
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Err yes is the short answer, It’s rather interesting that a Pannier Tank from Tyseley was offered for sale a few years ago and I’m guessing the valuation hasn’t been met, or those at the top didn’t really want to sell?
    At least one Austerity 0-6-0 has changed hands in that time.
     
  10. Pete Thornhill

    Pete Thornhill Resident of Nat Pres Staff Member Administrator Moderator Friend

    Joined:
    Jul 24, 2008
    Messages:
    6,812
    Likes Received:
    4,526
    They were asking quite a bit for it IIRC, offered fully overhauled mind but still steep.
     
  11. Matt37401

    Matt37401 Resident of Nat Pres

    Joined:
    Jun 8, 2014
    Messages:
    12,666
    Likes Received:
    8,536
    Occupation:
    Nosy aren’t you?
    Location:
    Nowhere
    Heritage Railway Volunteer:
    No I do not currently volunteer
    I had a feeling it might be something like that ;)
     
  12. Wagoniester

    Wagoniester Member

    Joined:
    Nov 30, 2017
    Messages:
    443
    Likes Received:
    555
    Gender:
    Male
    Location:
    Essex
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    I never did see a confirmed price. Lots of rumours (all 1-200k apart) but nothing concrete.
     

Share This Page