Used 2008 Impreza with 200k. Value?

Hi, I am looking at buying what seems to be a nice 2008 impreza hatchback with 200k kilometres on it. They are asking for $4800 but i have determined that it needs a new timing belt and water pump as its long past due. Where this is such a big job, how much should I offer for the car assuming everything else about it checks out? Sorry, ive always had hand me downs
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https://forums.edmunds.com/discussion/1212/general/x/real-world-trade-in-values#latest
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