I can't decide if this in an ignominious end to a fine old boat or one that at least maintains the design and craftsmanship of what was a fine boat for a few more years.
The lines accentuated by the clinker (lapstrake) planking shows a fine bows running out to full bilges at the mid section. As a working boat she would have been efficient to row or sail with good load carrying capacity.
Personally I can take or leave a double ender, give me a well proportioned transom like this one any day, note also the horse type traveller across the stern.
Located in East Cowes if anyone knows more about her history please drop me an email.