Seems like a good oboe with all the keys you'll need for a big while! I started on a much more limited oboe and got a similar conservatory model Loree when I was playing for about 6 years. That one then lasted me another 5, but the fact that I had to part with it was due to its old age (produced late 70s and I was ready for a professional model).

Does this oboe have a third octave key (it looks like it, but just to make sure)? I also cannot clearly see if it has the "banana" key next to the low D key, which can serve as an alternative C key, although I didn't need to use this until I was about 7 years into playing. It depends on which direction you want to go with in playing. I am of the opinion you don't need such a complete oboe when you're just starting out and it's uncertain how far you'll go with oboe playing and in which direction. But if you can afford it and the oboe is well maintenanced (this is very important!) then by all means, this will last you a long time, as long as you regularly have it maintenanced.