For £250 in good condition you did not get ripped off.
However its performance will be way behind the current entry level models from Panasonic , Sanyo etc.
Contrast is low at 100:1 and brightness is 500 ansi.
Resolution is 832x624
At least you're on the bottom rung of the ladder and when you upgrade you should be able to sell this one for close to what you
paid for it.