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I am looking at buying a Land Rover series 3 and have a few questions about a specific example I have just viewed and will potentially buy. It has been sitting for about 15 years and will not roll, seller believes that the drum brake shoes may be rusted which could be causing it? I assume that would be a fairly easy fix as new shoes are fairly cheap? Also it has a Holden 202 red engine, what is the effect of not having the original engine in a car like this? Is this a common swap to be made? I would assume that it would decrease the value of the car. It is a station wagon body type with Salisbury diffs and the safari roof, is this a rare specification? As I have struggled to find any for sale that were even in the station wagon body type, would it be possible to make an estimate as to what an example in working order like this would fetch on the market?
As far as value, I would say one that is barely running and drivable might be $5,000. A perfectly restored original could be over $30,000. If your goal is to make money on it, it might not be worth your time. If your goal is to enjoy working on it and hopefully have a really nice vehicle to drive at the end, it will be worth your time.