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dots
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For £450 seems like a very decent deal.
Granted as you said, if this was a small person it would be ideal.
Personally would ask @sbbohr on his opinion, the parts can be replaced fairly cheaply for longer seatpost and stem - probably find some good deals online or ebay if needed.
Would hold off respraying till the last part as it can get overly expensive then.
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Got a telescopic I can sell. Let me know
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Message me. I’ll buy it as I need a beater if your not interested; can advise you will spend £400-600 getting it to modern state with the H type stem.
HoKe
sterobe
sbbohr
Pics?