The Chaser 29 was built by an outfit in Ontario for a time as an IOR half tonner, there was also a 33 made at the same time. These hull molds ended up at Bayliner/Buccaneer/US Yachts and became the Buccaneer 295 with a modified deck and interior plan. It was further modified into the US 30 - not to be confused with the Buccaneer 305 - a Bill Garden design.
Though today it's quite an outdated design, a good one would probably still provide some good round-the-cans racing in a local fleet. As a cruiser it will be minimalist - limited headroom and amenities compared to the later versions.
What area? Which boat?
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)