Thanks for all your replies fellas, much appreciated!
"PezBERG" I have seen the bike running via a video the seller sent me
. He told me that the bike had been rebuilt by the previous owner and that he had not ridden the bike due to ACL injuries and the inability to start the bike, the however the state of the piston indicates that it has done some time and looking very unhealthy (see pic). I'm not saying that this is entirely the reason for it not starting but now that I have the head off I might as well freshen the top end up.
"Paul" no she hasn't sounded lively at all, so lacking either fuel or spark. Originally I thought it was a lack of fuel as the plug was not wet and so I swapped out carbys with the old mans 490 and still no joy. Spark was there but not as intense as I thought it should be, hence why I then thought maybe spark?
"80-85 Husky" Funny you mention about the exhaust. When I was removing the exhaust I discovered a heap of fuel inside of it along with what I assume to be water/moisture (see pic).
Following "sleepy" throttle technique, a fresh piston the old girl should start, yea??
. Just running the standard bing carby "sleepy"!
Would like to continue troubleshooting before swapping ignitions, but if I continue to have no joy this will be my last resort.
"KTM47" I am in Perth.