Not horrible, but not exactly great either. If valve adjustment hasn't been done on time you may see improvement from that. Depending on the results of a compression test after a valve adjustment, this engine may be anywhere from "healthy" to "run it until it won't start and rebuild/replace".

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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.