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The bike isn't together, from what I can tell.
The frame is white with london decals on the seat post part of the frame. The bike comes with all the parts to build the bike up with things like wienman wheels. So I'm think that just the frame is worth anything and the rest is cheap not condor standard stuff
EDIT: as an alloy framed bike, thought the London might be something special such as a steel frame.
Wondering if an Ali framed langster would be any different.
It's a bit hard to say with this limited information and no pictures or anything.
Is it this model? Maybe £250? You are talking about frame only but still mention a rusty chain??