Looks just fine. I would be inclined to almost ignore the fact it has a lens when deciding your bid. As mentioned previously this lens has been replaced with the 55-200VR which can be bought inexpensively, so the non-VR is should be pretty cheap now. The VR versions are selling new for around £130 and the non-VR new for around £100. Personally I don't think the non-VR is worth it at this price and I wouldn't be prepared to pay more than £60 for a used one.
Bodies only seem to sell for around £200 so I think I'd be bidding up to around £250. Ask to see some shots of the rear (check for scratches on the screen and excessive wear around the buttons) and inside the body with the lens off (look for damage to the lens mount and mirror, etc.)
Also "3 fps continuous shooting for up to 144 consecutive shots" is a bit of an exaggeration. It might be able to 144 images on the basic setting, lowest resolution, but DPReview.com reckons 12 (which will be at full quality jpeg setting). 12 is more than enough for most purposes but I thought I'd draw you attention to it.
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