Bought by me for £4100!

Plan is to completely strip, paint and rebuild to stock condition. Here are my assumptions which hopefully anyone with some experience can shoot holes in and help improve the the plan. Any advice gratefully received. However rest assured I'll be dong my own research before spending any more money!

Budget is £12k aiming for a finished value of £14-18k but she's planned to be a keeper.

Buy F7R engine with correct Jc5 variant for circa £1k
Repair and repaint body for £6k
rebuild an finish for £1k

Also might make a track car out of the 16v that came with the sale but that's a 2nd project

My car journey (for context):
1st car was an Citroen AX GT
I had a maroon Clio 16v for a couple of years when I was 22
Spent next 10 years in the VW scene (Polo G40)
Then MX-5 turbo, Skyline R32 GTR, Fisher Fury with CA18Det, DC2, Lotus Esprit, TVR Chimera 5.0, 986 Boxster S

Cheers, Andy