MOT?
I reckon it's too much, but about the right money that they're making if you know what I mean
For a start, depends on what you plan?
Ride or restore?
To ride it needs to be MOT'd naturally and sound mechanically - is it? and does it smoke?
To restore - looks like it needs a full genuine exhaust/repaint of plastics, plus in all reality lots of other bits and bobs that can add up, which can cost a small fortune
I've restored a few Yamaha DT's and TY's over the years and my maxim - buy the best you can, for the least you can
Parts are getting scarce, plus parts prices are going up
A few weeks ago I sold a complete brand new set of NOS Yam TY175 forks - the full lot as parts, internals and externals (no yokes) and they sold on Ebay for £510 and the chap travelled 200 miles to collect overnight - that's how valuable they have become to some
A week later I sold a new TY175 front exhaust and a top yoke and these feched £260 and I sent to Germany and the guy was happy to pay £75 postage, without flinching
I'd had the stuff for 10 years and just wanted rid, but you can pick up a running Yam TY175 trials bike for less than £750 for those small items, so that's how crazy the Japanese NOS genuine spares market has become
XT500 Yam stuff is even more costly and in even greater demand than Yam Trials stuff
So don't kid yourself these bikes are cheap, parts are commanding massive prices and there are some serious folks with very deep pockets who will spend 2/3/4 times their original value to 'complete' their bikes with NOS genuine parts
Just go into it with your eyes open, because anything the bike needs may be costly or difficult to obtain
If I wanted a good XT500 I'd pay £3500-£4k for a proper minter with provenance that someone else has spent the money on restoring