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It'll last a year.
You could get lucky and find a gem, but the sub £1k market is mostly populated by kids who buy an OK car, don't maintain, try and drift it, and then flog it when they're bored.
As @diable says, rusty sills and chassis rails are common.
Think I've found an MX5 that's worth buying to swap all my shit over to. We're back to that plan since I get paid my bonus at the end of the month and it's enough to sort all this shite out.