I love a good restoration, but once you have put in all the finances and costs of restoring that you would of been able to buy a pretty good condition Saracen of a much higher specification.
The powder coat alone will cost you there and abouts your entire budget. then you need to resolve the fork issue to resolve (maybe not a problem as they are not all that uncommon and relatively cheap). Does the seat post move or is it seized? Components are likely to need some time and or money spent on them.
The only way to do this restoration is as a labour of love, technically & financially it is bordering on madness in my opinion.
Low range stuff needs love too, but there are plenty of better examples out there. (please point out if I am wrong and this is a one of a kind or the last remaining of its type, in which case...sure it may be worth some effort)
The powder coat alone will cost you there and abouts your entire budget. then you need to resolve the fork issue to resolve (maybe not a problem as they are not all that uncommon and relatively cheap). Does the seat post move or is it seized? Components are likely to need some time and or money spent on them.
The only way to do this restoration is as a labour of love, technically & financially it is bordering on madness in my opinion.
Low range stuff needs love too, but there are plenty of better examples out there. (please point out if I am wrong and this is a one of a kind or the last remaining of its type, in which case...sure it may be worth some effort)