It's very close to me but I think £400 is a lot of money for a car with no tax or MOT, a large dent, and many rust scabs (which are probably the tip of the iceberg).
Unfortunately, I agree, and I think that the oval or drifting is where it may end up
I would save it due to the proximity to me, if it was very cheap, but even then I don't really have the space! I have always wanted to try a 5-speed 1.4 though.