That price would be ok, i was hoping sub 1k myself.
I am giving a lot of thought about whether its worth doing but i do like the car and its had the timing chain done 40k ago, egr replaced and most of the suspension is about 5k old. So that just leaves the turbo.
The price of cars has jumped so not much around i can afford that i'd actually want to drive or, in my opinion, would be a big improvement on the e90.