I wouldn’t buy a lathe with a broken tailstock! Not unless I happened to have a spare in my junk-box, or had the wherewithal to mend it cheap. Mending that kind of break is possible, but has a high-risk of failure.
Buying second-hand, always check condition – very little else matters! Forget brand reputations, and ruthlessly crush any personal tendency to rose-tint the enduring powers of classic machine tools. Ask, ‘how much time and money will it take to get this back into working order, and am I prepared to pay that’? Walk away from scrap.
Not clear if this particular Wade is the Plain or Screw-cutting version. No mention of change gears suggests it’s the cheaper Plain version.
The above suggests this machine is only worth scrap value, but value is always difficult to predict and might be higher than expected. Could be a few folk desperately compete for it as a source of spares so they can restore their old-bangers!
Dave