^^^ What he said, buyers who look for projects want the car cheap as there is a level of risk to them. Buyers who pay top price expect a sorted car with warranty - i.e. no risk.
However, I'd say it would be more like £8k, but there is a number on the market as sellers in ULEZ areas part company...
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2011 XC90 D5 Executive
2003 C70 T5 GT
2012 Ford Ranger XL SC
1977 Triumph Spitfire 1500
1976 Massey Ferguson 135
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