First time posting in the Road section here.
I picked up an old Raleigh racing bike, I think the model is a 'Rapier' (see pic of fork decal) from the 60's, with a low end Hi-ten steel frame, cottered cranks, with 26tpi BB (70mm shell), centre pull brakes, 27" wheels.
It had been sat in a farm shed for who knows how long before I was given it, unfortunately the roof of the shed partially collapsed at some point and its been exposed to the elements for a time and the top tube is fairly rusty. Basically I'm wondering if the corrosion has consigned the frame to the skip. Wasn't planning on a faithful restoration, just a basic, possibly, single speed parts bin hack bike. Also its got wrap around seat stays, would this be a Carlton built frame? And what kind of rear mech is it, I'm not much of an expert on vintage road bikes
Fork (and rapier(?) decal)