Hi, I'm in the prosses of purchasing my first sail boat. If the survey goes well then I shall be the proud new owner of an Elizabethan 30. For me it was purely down to cost and style. Interior space or luxury really isn't an issue for me as I've spent the last twenty or so years at sea with the Royal Navy where living space or comforts isn't a fact of life. I just love the classic lines and would of liked a Contessa 32 but they are not within my budget and in looks the Elizabethan is a close compromise for me with pretty much the same satistics. I've no long term plans of blue water cruising as her indoors is against me buying her so perhaps the odd long weekend here and there to start with.
Good luck on your search.