Loco Valuations

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

 

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.

 

Private locomotive sales are often reported as being for 'an undisclosed sum', so unless someone directly involved is willing to reply . . .

 

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.

 

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 .

 

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.)

 

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?

 

I would say so, yes.

 

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.

 

I had a feeling it might be something like that

 

I never did see a confirmed price. Lots of rumours (all 1-200k apart) but nothing concrete.