I picked it up last night! The guy was very nice, and mentioned that he'd been getting emails from as far afield as Devon. 
The good:
Can't see any rust or dents!
Frame paintwork should clean up nicely (altho I confess I don't like the shade of red much.. it might get coated later on).
Shifters look better than the ones I paid £25 for.
Brakes and levers look okay, if a bit ugly.
Stem looks fine.
Front mech looks alright (kind've hard to tell).
Crankset missing some chainring bolts, but otherwise fine.
The bad:
The decals are shot.
Fork paintwork is knackered.
The seatpost's seized (so the stem probably is, too)
The front wheel has a cheap Mach 1 rim.
Modern Alivio rear mech?
Patchy looking weld on the circular plate that's on the seat tube.
It's deffo a project bike. Time to start a thread!

The good:
Can't see any rust or dents!
Frame paintwork should clean up nicely (altho I confess I don't like the shade of red much.. it might get coated later on).
Shifters look better than the ones I paid £25 for.
Brakes and levers look okay, if a bit ugly.
Stem looks fine.
Front mech looks alright (kind've hard to tell).
Crankset missing some chainring bolts, but otherwise fine.
The bad:
The decals are shot.
Fork paintwork is knackered.
The seatpost's seized (so the stem probably is, too)
The front wheel has a cheap Mach 1 rim.
Modern Alivio rear mech?
Patchy looking weld on the circular plate that's on the seat tube.
It's deffo a project bike. Time to start a thread!
