Hi,
The 1.4 K series engine is sound if well looked after. In this instance you have to consider a number of factors.
1. It has a full service history - that's a big plus
2. its recently had a cam belt, wter pump etc so the good news is that the water antifreeze would have been changed.
3. The only thing missed off your info is the car's condition. If its in immaculate condition it may be worth investing in head gasket change. If its rough its not worth it and you could run it into the ground and walk away.
The original head gaskets fitted by Rover we made with the fire rings upside down ( I know this as I used to work for Rover and had this discussion with the gasket manufacturer). Fitting a replacement will be to the latest spec but it will cost money that could potentially be more than the value of the car itself.
My advice would be to drive the car and keep a regular check on the expansion tank for loss or discolouration of the liquid. As soon as you notice a change then the quicker the gasket is changed the better chance of no damage to the head occuring. It may never fail but at least you can be ready 'if' things change and whether its worth the investment getting it done.
Lots to consider and I hope I haven't confused the hell out of you!!
Robin the Technician - I fix, therefore I am
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