Said to be sold when repaired (5)

I believe the answer is:

soled

'repaired' is the definition.
(soling is a kind of repairing)

'said to be sold' is the wordplay.
'said to be' shows a homophone (sound like).
'sold' sounds like 'SOLED'.

'when' acts as a link.

(Other definitions for soled that I've seen before include "Repaired shoe" , "Pulled at one time" .)

I've seen this clue in the Evening Standard.

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