Honestly £40 for a 200W panel is a decent score if it tests out properly. I picked up a couple of second-hand panels for my garden office last year — one was fine, one was putting out about 60% of rated wattage. You just don't know until you check.
Few things I'd do straight away:
- Test open-circuit voltage with a multimeter on a clear day — should be close to the rated Voc on the label
- Check for hotspots or delamination — hold it up to the light or use a thermal camera if you can borrow one
- Look for cracked cells through the glass
The real "hassle" factor for me wasn't the panel itself, it was not knowing the history. No idea how many years it had been on a roof, what orientation, whether it had ever been shaded badly and caused cell damage.
That said, for a static caravan or a small shed setup where you're not depending on it critically, a £40 gamble is pretty reasonable. Worst case you're out £40 and a couple of hours. I've spent more on a dodgy Renogy cable that turned out to be undersized.
What charge controller are you pairing it with? That'll matter more than the panel age in terms of getting the best out of it. Victron SmartSolar will at least give you decent MPPT data so you can see if the panel's underperforming over time.
What were the specs on the label — any idea of the make?