rate this beginner setup?

[campas12]

2007 taylormade r7 clubs on closeout for 330usd.
taylormade corza bag (in olive green) for 70usd
travel bag- 70usd

470usd + and old putter/driver/3 & 5wood that is a handme down? (can get new woods later i think)

i need the travelbag since i'm now located in asia- and it's about the same price to fly to thailand or china to play for two days than to play one day locally here!

a little background- played a few rounds a while back- then took a 3 year break, now looking to get back into the game since i'm not going out partying every night (thereby stopping me from waking early to play!)

[plark]

I think its a perfect set