Evaluation: Represented as matching numbers and converted to RHD in the 1970s (there was just a handful of factory RHD cars). In present ownership since 1995 and sold as a restoration project with a running but leaky engine. All air conditioning apparatus has been removed. The seats and center console were retrimmed long ago in leather, replacing the original vinyl, and the instrument bezels have been chromed but the rest of the interior is original other than the parts of the dash that were fabricated during the RHD conversion. The chassis has old non-factory paint and light surface rust, and the front floor has been replaced. Older body paint with only slight blemishes. The exterior trim looks very original, and all the wheels show blemishes. There are more minor issues, but this is an honestly presented and represented car and any Miura is worth saving.
Bottom Line: The P400 S arrived in 1969 with the Miura’s first major batch of improvements. Vented brake rotors, power windows, optional A/C, revised rear suspension and better tires were all welcome additions, as was the bump to 370hp (up from 350) from higher lift cams and bigger carbs and manifolds.
Value-wise, since the Miura was built in three distinct series, the car carries three distinct prices, with the first P400 at the bottom, the improved P400 S in the middle, and the fully developed P400 SV at the top. Good Miuras became seven-figure classics in the mid-2010s and today all but the scruffiest first series P400s are million-dollar automobiles. £1M is a fair price for this one in today’s market, just shy of the UK Hagerty Price Guide’s condition #4 (Fair) value. There are bumpy roads ahead in sorting this Miura out fully, but the buyer surely knew that going in.