Good on you for having the the dream its where most of us started, as well as being a yachtie I did a bit of cycling for a few years, and a mechanic once told me to think of a bike as a frame with a collection of parts. Those parts can be old, or new, expensive or cheap, flogged or unserviceable, obsolete or otherwise etc, you can easily spend 20K on a pushbike but cheap and cheerful or worth 20K both will get you to the dairy for a pint of milk and technically you are "Cycling"
Yachts are a bit like that , you can get a floating 40 ft yacht for <30K and it will be technically complet