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With that mileage on the clock it should be fine. Have a look at the buyers guide on the homepage - its for the 16v model but theres lots of good advice that applies to buying any car.
We had a 1.6RXE - nothing went wrong with it. Its the 8 valve engine, but youll find its still pretty rapid, and of course you get all the toys. If youre intending to mod it remember that a 3-door is easier than a 5-door in terms of availability of bodywork bits.