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@greeno
Personally I’d also do it but it makes zero financial sense.
You’ll immediately need new tubes and tyres, chain and cassette and cables. I’d personally also stick new brake calipers and levers on it. Already that adds up. On top of that paying for someone else’s labour....
BUT, if you can afford it, and it has sentimental value, it’s great to recycle something.
If you change your mind, start a thread on here and people will help you. Otherwise have a look in the classifieds as already suggested, and maybe donate the bike to someone here if you want to see them do it up.