Looking good. 
Will you be doing any DIY service work on it?
I have had the odd look at early facelift V70's 2005/6 ish vintage, which have the same Euro3 engine (no DPF) - As replacement for the 3.2.
Volvo appeared to go fully DPF/Euro 4 in around 2006/7, I've noticed that Merc E320/E280's don't have DPF until late 08/09
Cheers!
Yes, all of the work on it will be DIY, with the possible exception of the gearbox oil flush, I know the geartronic is a faff, so if the manual is the same then I’ll farm it out – there’s a Swedish car specialist that used to do bits on my Saabs that I’ll use if I have to. Need the Haynes book to arrive before I decide. Also I just don’t have time at the minute, and until we move, our drive has a massive slope that makes jacking & securing cars very difficult, and getting them level, impossible.
Timing belt is actually easy on these. However the car only went up for sale on Saturday and the dealer blatantly knew it would sell well. So, rather than ask for a decent chunk off, I asked for a small amount and the Timing belt/water pump. I would have needed to buy/hire a big (350NM) torque wrench and an impact driver to get the crank pulley bolt off and on again and it would have taken me a full day easily. For a proper garage, its 60-90 mins work. So a decent deal for both parties I felt.
Yes, Volvo updated its D5 engines in 2005. Euro3 like mine have black engine covers, Euro 4 have silver/grey. Euro 3 & 4 came in 185bhp and 163bhp flavours, both Euro 4 engines are identical other than the mapping. I could have gone with a euro3 185, but these have swirl flaps and some other guff that I didn’t want if I’m piling on the miles. 163bhp & 250 ft/lbs is more than adequate for motorway cruising in the UK.