Hmmm!
15" steel wheels? Didn't 16V Select have alloys?
15" 91H tyres, are they the correct load rating? Wouldn't factory have been 94?
I hope the upholstery is perfect. I doubt if you'll find another set anywhere in that colour scheme.
Black paint looks terrible unless it's perfect. Has it been repainted?
The front suspension bushes and ball-joints will almost certainly be shot and once the front suspension is completely rebuilt the suspension will need to be re-aligned by a specialist, otherwise it will shred the front tyres. The rear track rods will likely be seized solid.
The exhaust will likely need replacing at that sort of mileage.
I would have thought £180 as scrap. And that's likely what 2 Bears paid the dealer where it was traded in. £500 as a private sale at best, assuming it's perfect and honest.
Rangie's advice is sound, get it inspected by a specialist. Especially concerning structural rust, which might be hidden by the sill covers. Rear brake back plates aren't available anywhere, so bad news if they're rusted through.