Look's like a good punt to me, for £28 + £14 p&p! I hope the seat post does come out. If not you can always chop it and get a little hacksaw blade in the middle.
It should make for a nice project as long as you have some time and you don't mind spending the money to get it repainted. You'll still have a cheap bike and you'll love it because you resurrected it.
@coventry eagle
http://i.ebayimg.com/t/vintage-retro-racing-bike-frame-dave-lloyd-50cm-nice-details-needs-help-fixie-/00/s/MTIwMFgxNjAw/z/gQAAAMXQ01tRSfwd/$T2eC16FHJIkE9qU3iMOtBRSfwc87t!~~60_12.JPG
Look's like a good punt to me, for £28 + £14 p&p! I hope the seat post does come out. If not you can always chop it and get a little hacksaw blade in the middle.
It should make for a nice project as long as you have some time and you don't mind spending the money to get it repainted. You'll still have a cheap bike and you'll love it because you resurrected it.