Seems fair enough to me to especially as it doesn't look like it has a reserve price or at least it didn't say it hadn't reached reserve.
I'd say you could get a bargain there if you could buy the car for say £500, a used running engine for £2K and maybe another £1.5K on wheel refurb, new battery, replace missing clips, MOT, Tax etc. Then you've a running Zed for £4K.
I wouldn't but I know some people do this sort of thing.