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I would definitely recommend a V50. I have a 2009 1.8 petrol R Design which I got with FSH with 70k on the clock for £6k. Seems to be the going rate - had been tracking this one on ebay recently...
http://www.ebay.co.uk/itm/142339311165?_trksid=p2060353.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT
Seem to be a fair amount of T5 examples available, but the insurance on those is a joke. Lots of bells and whistles on this 2.0 lower-mileage 2011 one:
http://www.ebay.co.uk/itm/2011-11-VOLVO-V50-2-0-R-DESIGN-5D-145-BHP-GREAT-SPEC-/272532770662?hash=item3f74380f66:g:yvMAAOSwc49Y6X07
Yeah man. £23 for week's parking def beats £300 for having a clamp removed. MOT tomorrow and i'll be legal again.
Still looking for a small estate btw. s/h Volvo V50's any good?