As has been mentioned the two big $$$ risks are trans and engine. I would at least count on a trans rebuild especially if there's no service history on it. But nearly everything else may very well effect a lower km car thats only 10K more expensive - you know all the usual suspects that are common known items on these cars. 
I say if the body and chassis is in ok condition then I'd run the risk as mechanical can be repaired, especially if your handy on the tools yourself
				
			 
			
		 
			
				
			
				
			
			
				Shane
2005 D3 TDV6 loaded to the brim with 4 kids!
http://www.aulro.com/afvb/members-rides/220914-too-many-defender-write-ups-here-time-d3.html
			
			
		 
	
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