£250 is too cheap, split it, you'll get £130+ for the forks, £50+ for the wheels, £50+ for the brakes… thats £250 area before you get to the gears, frame or contact points.
£300+ for the whole bike to get rid of it quick… look at the replies above, they can see a bargain when they see one (sorry guys).
Check out ebay for part prices, then throw the parts on the classifieds for a bit less, they'll sell (unless there completely knackered), or if not drop the price un till they do. Reckon you could get £400 or so (without bothering to do the math) for it in parts, though then you have the hassle of stripping it and posting the parts, your choice…