I'll introduce myself first as this is my first post, my name is Chris and I've recently purchased Atheana (featured on various pages here).
Unfortunately I've found a few soft spots in the ply which are going to need dealing with asap. Having read around the best (only) solution seems to be to cut out the rotting timber and a foot or so around and replace with new. However, I would appreciate advice on how this might best be done in the location concerned.
The patch I am most concerned about is just above the chine (Athaena has a single chine) on the starboard side.
The photo below is from the outside. You can see the sink outlet, starboard chine, bilge plate and keel behind. Almost dead centre in the image a small grey cross is scratched to mark the spot.

The next picture is take from the inside and the scratched away area to the left of the bradawl corresponds with the spot marked on the outside of the hull. You can see between the scratched area and the sink outlet is a piece of ply joining two sheets. The sheet to the left as pictured seems solid as does the backing piece.

My problem is that it's not just the ply that is soft, the timber that the bradawl is stuck into has the consistency of cheese! It appears to be a laminated affair built up from several planks (pieces of ply I think), the top facing plank seems sound, but those behind closer to the hull are very soft. Obviously this also needs replacing. It would seem to be an earlier repair as it doesn't match the appearance of the the same chine in the adjoining void immdeiately forward pictured below.

My questions are these:
1. Obviously I need to cut out and replace the hull ply, but how do I "patch" the chine timber?
2. I'm fairly depressed because I thought I had a reasonably sound boat, how much work am I looking at in the big scheme of things?
3. With a longer term view, would it be better to do a major replacement of much of this area now or would a good "patch" last as long as a "big repair", that is what is the most cost effective solution in the longer term?
All advice and encouragement very gratefully received!
Chris