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@TM
Bearing in mind this
http://www.ebay.co.uk/itm/330819909835?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649
went for £301 + £20 postage this week.
I'm no vintage bike geek, but it looks similar enough...
So for £350 you're getting a frame at just over market value, with groupset, wheelset and finishing parts thrown in gratis!