Hey Yummy
you probably did the best thing passing on this one, its too easy to end up with one because it happens to be there and near by. Thats how i got the scabbiest traveller in the north - different kettle of fish though really as i bought it to do up progressively as i can do the work myself.
Sounds like a lot of money being asked for that car given what it needs, no expert but should think you could get the same or a lot better for less £'s
Course theres the other thing - never sell or buy cars with friends or neighbours - sods law if you do something unknown might go terribly wrong soon after and you end up falling out over it.
You really couldnt do better than joining the club and checking here often as some beautiful cars do get offered here and in the club mag that might not be available elsewhere initially.
Going to a few meets isnt a bad idea either - you can learn a lot just through chatting to people. And of course the friendly helpful bunch mog owners are advice is never far away if you spot one you really like the look of.
Good luck with the quest and keep us posted,
cheers
kevin