Budget: $15,000 (£9,029)
Purchase Price: $14,000 (£2,755)
Final Cost: US$24,950 (£16,161)
Selling Price: US$35,000 (£22,671)
Profit/Loss: +£6,510
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Work Completed: Engine oil seal and crankshaft ring replaced with larger units with the engine plate modified to accommodate them. Engine and engine bay degreased. Boot cleaned of surface rust and repainted with stone chip undercoating. Rusted body panels replaced. Body resprayed from white to black (the original factory colour). New front drum brakes. Steel wheels replaced with wire wheels; new hubs installed to accommodate them. Brightwork rechromed; new indicator light housings and MG badges. Original red leather interior replaced with tan leather. Faded wooden dashboard wrapped in leather; speedo and rev counters replaced with second-hand units. New interior door pulls. New wooden steering wheel.
Notes: Purchased from a classic car dealership in East Los Angeles, California. Originally thought to be a 1500 variant, the engine was discovered by Edd to be a rebuilt 1600 cc single cam unit. Restored car brought to Hollywood Hills for a cruise. Sold at asking price.