How to prepare a console to sell on?

Soldato
Joined
15 Nov 2009
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Location
South east
A friend of mine has expressed interest in my PS3, I have not used it so thought hey thats an easy £100 but I don't know the first thing about making it "like new" (Especially as one of the accounts has my bank card linked to it)

Any help greatly appreciated! (ps. it has 2 games on the hard drive and if possible I would like to save them but everything else can go)
 
Not meaning to pry, but do you really think a second hand console is worth £100 to a friend? He could get a new one for not much more, or a second hand one from a stranger for about £100. Surely a friend price is a chunk lower than that?
 
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