SAMPLE REPORT · CONDITION AND VALUATION SURVEY
Condition and valuation survey report sample
2018 Jeanneau Prestige 500, 14.92 m, 2 × Volvo Penta IPS 600. The technical inspection (hull, machinery, sea trial, electrics, generator, underwater) and market data in one report: a comparables table, condition adjustments and a reasoned value range. Identity details were changed; the measurements and comparables are real.
- Pages
- 53
- Chapters
- 9
- Comparables
- 9
- Value range
- €520–580k
The valuation is based on listing data dated 10 September 2026; the value in a sample report is not binding.
METHOD
Value in three steps
The report's "Valuation Methodology" item sets out these three steps and the assumptions. The currency is EUR; USD listings are used for indicative purposes only and the exchange rate assumption is stated.
- 01
Comparable analysis
Same model, years 2016-2019: nine live listings and sold/pending records. A 5-10% discount is applied in moving from listing price to completed sale.
- 02
Condition adjustment
The cost of rectifying the findings is deducted; low engine hours, a clean osmosis scan and working added equipment are added. There are no priority "A" findings on this vessel.
- 03
Age-price cross-check
As the new list price could not be verified from a primary source, depreciation is checked against the model's 2016 → 2019 listing price curve.
COMPARABLES TABLE
Similar vessels on the market
The table from the report. Date accessed: 10 September 2026; prices are listing prices, and (*) denotes a value converted to USD by the listing site. The listing prices of 2017-2018 model Mediterranean and Turkish comparables with 600-900 hours cluster in the €580,000-600,000 band; the subject vessel's 393 hours are below that band.
| No | Model · year | Engine hours | Location · VAT | Listing price | Source |
|---|---|---|---|---|---|
| 1 | Prestige 500 Fly · 2017 | 600-670 h | Istanbul, TR · VAT not paid | $669,231* | YachtWorld |
| 2 | Prestige 500 · 2016 | ~925 h | Istanbul, TR · VAT not paid | $611,037* | YachtWorld |
| 3 | Prestige 500 · 2016 | — | Fethiye, TR · not stated | $581,940* | YachtWorld (pre-listing) |
| 4 | Prestige 500 Fly · 2018 | 878 h | Fort Lauderdale, USA | $689,000* | YachtWorld |
| 5 | Prestige 500 Fly · 2017 | 780 h | Attica, GR · VAT included | $675,050* | YachtWorld |
| 6 | Prestige 500 · 2017 | — | Greece | €580,000 | yachtall.com |
| 7 | Prestige 500 S · 2018 | — | Spain | €599,000 | yachtall.com |
| 8 | Prestige 500 · 2017 | 25 h | Canet-en-Roussillon, FR · VAT included | $756,406* | YachtWorld |
| 9 | Prestige 500 Fly · 2019 | 460 h | Valletta, MT · VAT included | $871,746* | YachtWorld |
Sale data: 2017 Prestige 500 (Auckland) $520,600* "sale pending"; YachtBuyer Prestige 500 summary: an average 4-5% discount from listing price, 348 days on the market.
CONDITION ADJUSTMENTS
How much each finding moves the value
Starting point: the median of the comparable band, €590,000. Net adjustment between −€15,800 and −€59,200; allowing for rounding and the spread of comparables, the result is €520,000 – €580,000, with a most probable value of €550,000.
| Item | Direction | Amount (€) | Rationale |
|---|---|---|---|
| Discount from listing price to sale price (5-10%) | − | 30,000 – 59,000 | Market data (YachtBuyer 4-5%, general 8-15%) |
| Renewal of anodes | − | 1,500 – 2,500 | Finding: ~80% depletion |
| Antifouling renewal, primer in exposed areas | − | 4,000 – 6,000 | Finding: paint has reached the end of its service life, areas exposed down to the gelcoat |
| Generator sea water circuit (pump and exhaust leak) | − | 1,200 – 2,500 | Finding: leak at pump, leak in exhaust sea water line |
| Service batteries (3 units) and tender battery | − | 1,500 – 2,500 | Finding: SOH 27-48% |
| Double clamps on exhaust line, seacock cleaning, engine room insulation | − | 600 – 1,200 | Category B and C findings |
| Engine mounts (monitoring, set renewal if required) | − | 0 – 1,500 | Finding: age-related surface cracking |
| Low engine hours (393 h; comparables 600-900 h) | + | 10,000 – 15,000 | The engines are the largest component of value |
| Equipment added subsequently: watermaker, solar power, enlarged black water tank | + | 5,000 – 8,000 | OPERATED, functional |
| Clean osmosis scan, no structural adverse findings, no priority "A" findings | 0 | — | Expected condition; no basis for deduction |
VALUATION RESULT
The result item in the report
- Open market value (September 2026)
- €520,000 – €580,000
- Most probable value
- €550,000
- Confidence level
- Medium — nine listing comparables, limited sale data
- Validity
- 3 months from the survey date
Assumptions: the vessel is Turkish-flagged; VAT and documentation status have not been examined in the report, and the value is given subject to the proviso that "VAT status is to be verified against documentation". For an insurance value the replacement cost should be requested separately. This section is a surveyor's opinion; it does not substitute for a broker's price recommendation or a formal valuation.
Frequently asked questions
About this sample
Why is the value a range rather than a single figure?
Where do the comparables come from?
How is the condition adjustment calculated?
Is this report accepted by a bank or an insurer?
Contact
Book your survey
Tell us where the vessel lies and your approximate date — we reply the same day.
Serkan Kotel
Yacht surveyor · IIMS · ABYC · MCA — the person who answers the phone, walks the boat and signs the report is the same person.
Phone
+905320595917Service areas
Bodrum · Yalıkavak · Turgutreis · Milas · Göcek · Fethiye · Marmaris · Datça · İstanbul · Ayvalık · Antalya