All the above, it's only guaranteed value is £10-15 scrap.
Sadly it's a seller's market so you might be tempted to take a punt:
Look at the general external condition, signs for signs of leaks, head stud threads that have been undone etc.
Dip the oil and inspect all the sparkplugs.
Turn it over by hand with the rocker cover off to see all the valves move. A thumb over the plug hole of the cylinder with both both valves closed gives a crude compression test.
Select all gears, by sticking a screwdriver the selector roll pin hole, and look for movement of the diff output shafts when turning the engine. Turn one output shaft against the other to look for slack or noise from the diff.
Do a compression test if you can, run it if you can and check the oil pressure, but don't take anything as equivalent to a proper test drive that would put the engine under load and get it up to running temperature.