When having a look around on the interweb for an Xmax 250 bargain, I happened upon an interesting thing...
It would seem that you can currently get a brand spanking shiny new Majesty 400 for £4995, a not insignificant drop of £1400 from mrsp.

Where be that then?
Could be what I need.

Have a look on Bike Trader
http://www.autotrader.co.uk/bikes

Yamaha always do discounts like that if you know where to look. I got £1300 off my TMAX new, unregistered in March '11. £7000 instead of £8299 otr. Chorley and Wigan always seem to have cheap pre-reg stuff. If you work harder, you don't have to go pre-reg.

Thanks for that.
All a bit far north for me, but good haggling ammunition.