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Yep, detuned N53 (and apparently possible to retune, if required). I looked at newer models but there's quite a gap in terms of age (and therefore price) where petrol went out of fashion for a while. I figure that even if it blows up and we have to buy another, I'll still be well off the +15k for a more recent model and miles away from a brand new one!
Picked this E61 525i manual up yesterday, needs a bit of work but I'm hoping to not hit Dammit levels... Famous last words!