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It does sound somewhat questionable, but if it is a good low price like you say then, I would get a mechanic to look at it - if the no oil pressure reading is just a fault with the guage, and the rest of the car seems mechanically sound, then buy it.
ASD light on will just mean it is not working. Not a big problem, but perhaps check the ASD computer is there and has not been removed as they are expensive. It is in front of the battery (on a right hand drive car) under a black cover.
Then if you buy it, ASD problems can be fixed by someone with the right diagnostic equipment; it's usually a sensor or the OVP relay.
Also unless there's something to back up the mileage, I wouldn't trust it.
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