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@Mr_Bungle
300-350 is realistic once you include all the bits and bobs
when i got my 1st fix i thought i could do it all super cheap but the truth
is, if you want something that you can actually ride without it falling apart
and you don't already have a garage full of spare parts/ tools lying around
(yeah that's what they don't mention when they say "i built this fix up for $20")
get 2nd hand miche cranks or something, new mich bb is only £12, shitty old bars/pedals
/seatpost/saddle/brake (easily upgradable later)
buy a frame with a working headset in it...
like hovis says- the wheelset will cost you minimum 80 unless you do the glueing a cassette
thing... in which case - well let's not go there on this forum! ; 0
you can get a pair of Formula flip/ flop hubs laced to XR300 deep section V rims built into a pair of
wheels for £140 from kiwicycles.com - Paul who runs it works in London and is a decent bloke
who has built many many fixies and who wont rip you off.
also i've seen some half decent fixed wheelers going on gumtree for the 300 mark recently
i think.
Good luck!
ps. if you cant afford it now buy a cheap geared bike off gumtree and with the money you save
on travel cards in 3 months you'll have enough for a £300 fix!