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Do you know much more about it?
It looks a lot like a Raleigh frame (the forks and general shape are about right and they used that style of lugs in the 1980s. 501 would be right as well.
The higher spec models in the 1980 (Record Ace, Road Ace) used 531c Frames tubes and forks, windowed Prugnat head tube lugs, the same style fork crown, a slightly nicer cast rear dropout and were handbuilt in the TI factory in Nottingham. They came with a card showing the builder and with his signature on them.
The lower range models were 501 and down specced slightly. This looks very similar, except for the rear triangle seat cluster. Look at this 1984 Corsa for example: https://www.gumtree.com/p/bicycles/vintage-raleigh-corsa-1984-reynolds-501-road-racing-bike.-excellent-and-original-spec./1347056610
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Alex_B
@aepo
Hi,
I'm having trouble identifying this frame. It was repainted before I bought it. A sticker on the head-tube said "Deschamps". Also there was a Reynolds 501 sticker on the front of the down-tube. The bottom bracket is English threaded. The seat post is most likely 26.6mm (I bought the bike without a seat post). The frame came with RX100 road group set, if that's relevant...
After inspecting the paint job closely I found some spots of the original dark metallic red paint job (at least I think it was original), not covered with black plain paint and lacquer. One of those spots was around and under the Reynolds 501 sticker, so this might be a 501 frame.
The lugs are "BCM" as you can see in this photo
More large size photos here:https://www.flickr.com/photos/90381157@N03/sets/72157667355584233
More large size photos here:
https://www.flickr.com/photos/90381157@N03/sets/72157667355584233