tbh if you got that for 400 quid and all the major things ie engine chassis etc are in order i think its a bargain and personally i would love to undertake a project like that. And if its for the track it doesnt matter how bad it is to live with day to day. am sure with some time, money and care i bet you could get this into a tidy little track car.at times it might be a pain in the backside and you just want rid, but when its finally finsihed and on the track you will realise it was all worth it, i wish you all the best with it mate