Spotted very locally when looking for a runaround for my girlfriend - I had to take a look at this and have a chat with the garage owner - who was a very friendly retired chap dealing in unusual cars and low mileage 1 owner classics/future classics. Along with the 340 was a Nissan Figaro, Chevette saloon with 28k miles, Nissan Micra K!0 with 26k miles, an Austin mini with 7k miles and an 80's Bentley!
It's a 1987/8 340 1.4 5 door in 219 blue. Got about 61k miles on the clock, every MOT from new, 1 owner too as far as I know, mint interior, popup glass sunroof, owned by owners club member in the past. The only rust I could spot is a little on the drivers rear arch about 4 inches around the circumference. It is minor and if it was treated the car would be practically A1. No front valance/front wing corner rot at all. It has MOT and Tax til October 2011. Overall, it looks like a very nice example and he's asking a whopping £395 - at this kind of price I'm almost tempted if nobody else is!
Pic below - if anyone wants some more information/pics I don't mind popping over again as it's literally 5 mins around the corner.
1987 Volvo 340 1.4 5 door (Not mine)
1987 Volvo 340 1.4 5 door (Not mine)
1989 - Volvo 360 GLT
1985 - Volvo 360 GLS
2008 - Volvo S60 SE Lux
1985 - Volvo 360 GLS
2008 - Volvo S60 SE Lux