Hello and welcome to the forum Big Monkey.
Sounds like you may need a survey before venturing any further.
I'm not overly familiar with a Colvic Seaworker 20, came across one or two when living in the UK, at least I think they were Colvic's. If you think the price doesn't justify a survey fee, have a chat with a local shipwright and get him to give you the once over, just ask him to quote on the rectification work, that will give you an idea without the cost of a survey.
When you say good price I assume you are talking less than eight/nine thousand pounds.
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