As a 31 footer that yacht has a lot going for it by way of interior accommodation.
Looks like a nice double berth under the cockpit. (probably a better thing than an overly large fwd cabin).
Photos of the fwd cabin are noticeable by their absence.
Adams 31s of the same vintage are about similarly priced.
I think you are looking in the right ballpark for a fast , roomy pocket cruiser that could be taken to the nearer offshore islands (Norfolk, Lord Howe, N.Z. and beyond) if set up correctly and managed astutely.
Keep 'em coming if you are keen sailor.