Wouldn't pay £11k+ for that age of car and with a colour change.
You can pick up 2002 models for near-on £10k with lower miles and the Manual box etc.
Looks nice but you've also got to think it'll be a pig to sell on. Probably why it's on e-bay now as not many people will know how reliable a 100k+ E46 is yet.
Just my 2p.
JK