There are services that'll sell you a brand-new modded oled switch for less than £500. It's not exactly rare, any switch can be modded and a modchip is better than the OG joycon exploit since modchips are untethered.
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A cursory glance over sold nintendo switches that support homebrewing (unpatched v1 models), theyre going for less than £150
where did you get £500 from?
edit
example -
DeepSea and uses hekate and Atmosphere
You can buy the console part only off eBay for $150. My nephew did that after he saw my hacked switch.
I’ll give you three-fitty for it.
I'll give you $20 for it
Nah, bro 500 pounds is INSANE. I can get a nice v1 Switch used around 150-200 pound where I live and usually consoles, especially Nintendo here are expensive, even second-hand, so you may really reconsider this pricetag.
Also, being a v1 Switch isn't a too extravagant thing nowadays since all of the Switches can be hacked with a Raspberry Pi Pico board variant that is around 3 bucks each.