................. guess this is the modern day equivalent of a " barn find " ............... no point using it as an everyday car methinks, once out on the road it would devalue rapidly to about £1500 and one might well get all sorts of underused electrical gremlins emerging ........... . and the tyres likely won't be usable really and of course it's only on 15" wheels, brakes etc and the Mk1s are as we now know prone to irretrievable rust a little down the line.
Shame it's not for me, I do so like that Mk1 bodyshape ............ and as you say a Mk4 might well deserve this price.
Malc
I've already got one mothballed car and a second just doesn't do it for me ( my 1932 Triumph Southern Cross sports tourer ) ..... BUT buying, selling a car, even a classic, provided you're not a trader, does give you any capital appreciation free of CGT ( unless George Osborne has changed those rules too !! )