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@retrodicorsa
I've got this Falcon available: http://tinyurl.com/y6sfsntw
Frame is Reynolds 531, powder coated, bike is very light, has a modern Sturmey 3spd with coaster rear brake, though that could be changed to another calliper if preferred. I built it for a guy with mobility issues whose health has deteriorated so he has asked me to sell it on. Cost twice your budget originally, light use only. To get it down to £300 I would swap out the Brooks for something less fancy and also change the bars (probably to risers but some flexibility on bar choice). Mudguards included. Viewing/test ride welcome, I'm in SE1 near Waterloo.
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