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I'd have said closer to £6k too. Age is on its side but the higher miles bring it down slightly. Have a look in the For Sale section on here for comparisons as well as Pistonheads and the likes.
Polygonal lasso, cut along the bottom of the car and around the arches then right up to the top and across back to where you started. Layer via copy, select the new layer, move down with arrows. Job done.
edit, beaten to it