Nicholson 38 Buyer's Guide
The Nicholson 38 occupies a distinctive niche on the brokerage market: a heavy-displacement, long-keel centre-cockpit ketch built for serious cruising rather than marina appeal. Produced by Camper & Nicholsons with hulls by Halmatic, these yachts have been crossing oceans for decades, and the used market reflects that heritage. Buyers today will find a selection of well-travelled examples, many of which have been continuously upgraded, alongside more original boats waiting for a new custodian. The model rewards those who value seakindliness, structural integrity and a protected wheelhouse over light-air performance or marina agility.
Layouts on the Used Market
Three-cabin owner layouts are the more common configuration on the brokerage scene, with a forward cabin, a compact saloon, and a separate aft cabin accessed from the cockpit. Two-cabin versions also appear, though less commonly. Ex-charter examples are also common on the market. The centre cockpit and semi-enclosed wheelhouse remain constant across all examples, providing a sheltered working and living space that sets the Nicholson 38 apart.
Equipment and Common Upgrades
Reflecting their bluewater usage, most boats on the used market are commonly fitted with heating, radar, a chartplotter and an autopilot. Solar panels and watermakers are also frequently installed, often as part of a self-sufficiency package. Teak decks are a common feature, though their condition varies widely and warrants close inspection. A life raft, hot water system and cockpit shower are often seen, and many boats carry a short-handed setup with lines led aft and easy sail handling. Owner upgrades sometimes add a wind generator, bimini, dodger or dinghy davits. Circumnavigations turn up fairly often among these boats, and transatlantic crossings are also sometimes recorded, both speaking to the design's long-distance capability and the confidence owners place in it.
What to Inspect
Any Nicholson 38 of this age demands a thorough survey, with particular attention to a handful of known areas. Chainplates and their supporting knees are a high-priority item; crevice corrosion and cracked fasteners have been discovered behind interior mouldings, so access for inspection is essential chainplate inspection a high‑priority survey item. The aluminium-framed portlights are prone to corrosion and persistent leaks, though refurbishment or replacement is straightforward aluminium frames often corrode; leaks are common. The rudder stock and internal blade structure should be checked for age-related deterioration, as some owners have reported issues there age‑related issues with the rudder stock and internal structure. Keel bolts and the surrounding hull structure need verification for weeping or movement. Many boats still carry their original Perkins 4.107 or 4.108 engines; a careful mechanical assessment is vital. Standing rigging should be replaced if its age is unknown, and the electrical system often requires significant tidying or rewiring. Interior cosmetics such as headlinings, varnish and mouldings are likely to need attention, but these are cosmetic rather than structural.
Availability and Buyer's Takeaway
The Nicholson 38 turns up across the United Kingdom, Spain, Greece and Croatia, with further examples found in New Zealand and Canada, reflecting the boat's global cruising footprint. A realistic buyer should approach the search with a clear-eyed view of the refit work likely needed on a yacht of this vintage, but the reward is a genuinely capable, comfortable offshore cruiser that looks after its crew when conditions deteriorate.
- Prioritise a survey that includes invasive chainplate and rudder inspection.
- Budget for window refurbishment and a rigging replacement if not recently documented.
- Expect to invest in engine, electrical and plumbing updates on all but the most diligently maintained examples.
- Look for a boat with a well-documented cruising history and recent upgrades rather than a cosmetically tidy but unproven vessel.
- Factor the wheelhouse and ketch rig into your sailing style: they excel in heavy weather and short-handed passagemaking, not light-air club racing.
Price & volume trends
Monthly asking-price and listing-volume trends for the Nicholson 38. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 7 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Jan 26 | 1 | $ 20,025 | — |
| Feb 26 | 2 | $ 28,035 | +40.0% |
| Mar 26 | 2 | $ 57,238 | +104.2% |
| Apr 26 | 5 | $ 29,363 | -48.7% |
| May 26 | 1 | $ 39,979 | +36.2% |
| Jun 26 | 2 | $ 56,188 | +40.5% |
| Jul 26 | 1 | $ 72,834 | +29.6% |
Where they're listed
Nicholson 38 listings appear across 6 countries. United Kingdom has the most listings with 6 (46.2%), followed by New Zealand and Canada.
Country view
13 listings · 6 countries| Country | Median ask | Listings · 12 mo | Active · 90 d | Share |
|---|---|---|---|---|
| United Kingdom | $ 30,702 | 6 | 4 | 46.2% |
| New Zealand | $ 78,624 | 3 | 2 | 23.1% |
| Canada | $ 28,199 | 1 | 0 | 7.7% |
| Spain | $ 27,701 | 1 | 0 | 7.7% |
| Greece | $ 20,025 | 1 | 0 | 7.7% |
| Croatia | $ 45,420 | 1 | 0 | 7.7% |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
7 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Siltala 38 | 37.5' | $ 102,450 | 53 | 17 |
| Nicholson 38You are here | — | $ 32,708 | 14 | 7 |
| Nicholson Nicholson 35 | 35.25' | $ 37,380 | 13 | 3 |
| Shannon 38 | 37.75' | $ 64,950 | 13 | 0 |
| Laurent Giles 38 | 38.83' | $ 50,285 | 12 | 3 |
| Ohlson 38 | 37.06' | $ 52,458 | 12 | 8 |
| Endurance 38 | 37' | $ 85,375 | 5 | 1 |
