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@seventynine
it's a falcon i found in my 'rents new place in one of the sheds. looked like this when i dug it out, CW D-lock
(sorry for the terrible picture)
i was in 2 minds whether to get rid of the original patina but my temptation to take everything apart got the better of me.
as everything else is rusty/pitted i'm probably going to have the lot powder coated black, white handlebar tape and the original red/white/black saddle cleaned up quite nicely.....
it nearly ended up yellow
only other cost items right about now are a new stem (had to cut the old one out as it was siezed stuck) and new headset, and if budget can afford a new set of pedals and a seatpost.
i'd like to think it'd be done for under £50 as a self budget, because it was a free bike it'd defeat the point a little if i were to throw a load of cash at it