I would agree, requires a service and cambelt. Fit correct alloys and a general tidy and going over, could be a nice car though.Do we know what it sold for at auction? Presumably the new private owner is just flipping it for a quick profit. Not been serviced since 2012, which is not encouraging...
Something around the £10k mark would be about right at auction, given the lack of history and work required. Who knows, it could turned back into a nice car, but the current asking price is way off, and the big gap in the history will stack against it for the next few years.