Well, I went to look at the lathe yesterday and for better or for worse have agreed to buy it. It is situated in a tiny village called Y Fron in the hills above Caernarfon in North Wales. Very bleak & misty up there yesterday but a beautiful place with stunning views when the weather is fine.
I will be collecting it in two weeks time and it will have to be dismantled somewhat in order to move it. I looked at a Colchester Student a couple of months ago but that one was just huge, far too big for me. This SABEL is a lot more manageable.
As for the condition of the lathe, while I am no expert, everything did seem to be in quite reasonable condition. There is some surface rust but this can easily be cleaned up. I think it will teach me a lot about the lathe just moving it and cleaning it and during that process I should get a good feel for how it is going to operate.
The lathe used to belong to the sellers father who has apparently bought a larger Boxford and no longer has need of this one
At £200 it does appear to be a real bargain and there is a wooden box included that contains a 3 jaw self centering chuck, a 4 jaw independent chuck, drill chuck for the tailstock and a faceplate together with a few other bits & pieces. Even if I don't take up this hobby of small engineering, which I doubt, I am sure, as Bazyle indicates above, I should have no trouble moving it on.
So people, expect a few (no – a lot) of silly novice questions in the coming months 
regards
Brian