Old Polo Thread

If all the componants are crap on a stock bike then his frame is probably crap too?
doesn't look that bad tbh, although i know virtually sod all about bikes. think it's just really old. crank is 'old style (male threaded spindle)' so will need to change BB too. peddles are crap. bars are rusty and brakes are caliper. wheels are about the only decent thing on it but he bought them seperately...
thinkin of using it just as a polo bike and then building up my other mtb frame as an everyday bike.