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£360 complete with mostly 2006ish Deore, and, apparently, ready to ride. I've seen them go for more in similar condition (and less when they need work done). There was one on the forum recently (an MKM - http://www.lfgss.com/thread38461.html) that I liked the look of. Was £350, but the components on the one I got make me me happier (slightly higher end/more heavy duty, triple front rather than double, newer bits, canti brakes, etc.).
So yeah, I think that's around being the right price/a good deal?