The good news is it's almost entirely original, except for the tyres, which are currently some hideous Cheng Shin horribleness. Although the goldy-coloured bar looks slightly out of place, but given that nothing else has been changed I don't know why it would have been. Will worry about that later. Frame and fork and most of the bits in decent nick, although it won't change gear because the cables are all rusted up.
The bad news is that anything resembling a bearing is in a pretty sorry state. Actually, the headset doesn't feel too bad, I'm confident that cleaning and regreasing will be all that's needed there. BB is spectacularly loose, but I'm not being so purist that I'm not happy to just stick a new one in. Pedals are loose, rear hub loose, front hub notchy. I'll strip and regrease and see how they go, but I'm not wildly hopeful of perfect results. I'll settle for "doesn't rattle, goes round" though
And I need to get some paint on the fork 'cos there's Actual Rust on it.
Overall though, pretty pleased. Still chuffed that the seatpost was there