Well maybe not, but these cars did cost £5,000 new for a base model, and that was some 20 years back in yeaster-year's money. What you essentially have there is a virtually new condition car for £1,600 in today's money, which is essentially the thing as buying this car with that milage at say 12months old back in it's time for around £3,000.
Either way you wanna look at it the car is priced right for what it is, but being a micra will always mean that, no matter how great a condition it's in, the general car-buying public will never want to pay more than £300 for one.
That's the drawback with owning a micra, even a Super S will struggle to see £600 unless it's being sold to an enthusiast. Hopefully that may change one day, but by then the numbers will be so few that they'll be as hard to find as an ST, Be-1 or Iraq's "weapons of mass destruction".