Checking for wear?
X axis. My leadscrew and nut were very badly worn towards the middle of the travel. I removed the leadscrew and nut to examine the wear and it was in a terrible state. I suppose you could see if the backlash is worse or better at the ends and middle of the slide travel to indicate the same issue. The same for the Y axis.
Z axis. You could also check for backlash in the worm and wheel. Again, mine was in terrible condition and required an eccentric bush to be fitted to the operating shaft to reduce the backlash to a reasonable level.
I'd say that the bearings might be tricky to examine without removing or stripping. Perhaps just run it and see how quiet it is or isn't.
You could also take a picture of the nice clean, shiny table with no prangs or drill holes. If it does have some mistakes, it is only fair to take a picture of it for the new owner.
Having said all this. Why worry if your friend is selling it. Just advertise it honestly indicating that its age and say that it has been used and allow the new user to make his or her mind up. You could try and check the backlash without stripping it as best as you can. From Nigel's research and my experience, it looks like a fair price might be £600?