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@Nicw
Agreed it is a bit much. I was putting my holdsworth up for £250 and as a geared bike has a lot more to it... incidentally:
Here is the falcon frame in a previous build. with a headset and bottom bracket I'd say £50, got some other parts lying around if you need any of them.
The red bike is my holdsworth, £250 would be lovely. It has shimano 600 parts apart from the brakes which are 105. at the moment is in need of tape and possibly a bottom bracket service.
I think I put my galaxy (green) up for £500 so I'll drop that to £450