Price doesn't sound too bad even for a fairly stripped machine, so long
as it's in good condition. Check ways front ways near headstock for
wear. At minimum, you'll want a 3 jaw, 4 jaw, faceplate, drill chuck,
lantern tool post, and a live center to do much. With that, you could
make a lot of accessories. If you plan to do any threading, you'll want
a set of change gears. If not, you could get by with putting a variable
speed DC motor on the far end of the lead screw. I modified a friend's
Craftsman thus. If it's missing most of the above, be aware that without
some serious bargain hunting, they'll likely cost at least double the
price of the lathe.
This email has been checked for viruses by Avast antivirus software.