An original car with little mods on a 1992 plate sounds reasonable to me. I paid a grand for a wreck of a special edition and if it's complete it's not a bad price. It isn't MOT'd mini money either that. If it has a 1275 it's probably better vfm too. On a 92 plate it'll be AP 2 pots on the front, servo, 2 or 3 clock dash. What model is it? And most importantly what's the bodywork like? Wings aren't a big issue but if it then needs A panels and door steps it's not too good. A new subframe can be had cheap but then you take the subby off and it could lead to finding rotten closing panels, rear valence, heelboard mounts etc.