Would it be sensible? It depends! I once joined a school in special measures. Before I arrived, it was judged to be in special measures and the Head was gone the next day.
A new Head was in place a few months later, and I was invited to join "the journey" under new leadership as I knew the Head. It was stressful yes, with weekly visits from school improvement teams and the local authority but the journey to improvement was really rewarding. It was fun in some ways, to improve the school for the children. The Head assembled a team of dedicated staff, who all helped each other to turn it around.
Expectations from the school improvement team was very low (as the school was graded so lowly), so when they actually see some half decent teaching, you get praised etc, when they can see the school being turned around. We got graded good, two and a half years later.
You need to investigate what the leadership team is like. If it's the same leadership team, before the school was inspected, then I would do your research. Behaviour is likely to be poor etc. If the Head seems strong, supportive and is determined to make change, it could be good. The risk you take is that behaviour is dreadful and you are put into impossible situations with week leadership and staff on their knees. Do your research I would say.