I've exchanged various emails with the seller. I was interested myself and then did a report on the car and found out it was Cat C. He updated the listing after I advised him.
To my mind it's a breaker for economic reasons. It will never be worth much as a repaired Cat C with 160k miles.
It is a simple repair and a cheap one at that if you have the parts in the right colour or know where to get them cheap. But if you start needing paint, then unless you know a man, it will start becoming un-viable. And you're always going to need a van to pick up a second-hand bonnet so there's £50-£100 there. I don't really see the benefit of putting all the effort in when you can have a car ready to go for a similar total outlay.
Personally I think there are better projects around. Yes, it seems a shame to break it but where does everyone think you get nice second-hand parts from for your cars unless cars like this bite the bullet