I've been offered a 2002 CTR with 126k on the clock, the guy wants 3k for it, he's dreaming right?
I have a 1.8VTI (slightly shabby) - with 170k I can do for 2k

I've been offered a 2002 CTR with 126k on the clock, the guy wants 3k for it, he's dreaming right?
Exactly, hence he's dreaming. That was also 4 months ago. It's worth £2500 if the bodywork is sound, it has good history and there are no outstanding mechanical issues. If it's not, I wouldn't pay more than £2000 for it.

What induction kit is that? Looks like Kevlar?

Missing a sensor/bung from that intake pipe?
