What do I do with is bike? Dawes sterling (Reynolds500)

I bought this bike on ebay for £23.. Don't know why but it seemed a good idea at the time..

http://www.ebay.co.uk/itm/Dawes-road-bike-/151054946911?_trksid=p2047675.l2557&ssPageName=STRK%3AMEWNX%3AIT&nma=true&si=%252BgDsZVg1EDgT%252Be%252B9EGs1HyOk29s%253D&orig_cvip=true&rt=nc

I've fixed the back wheel now but the chain is stretched beyond 0.75% (not quite 1%).. Otherwise it's basically ok..

So, do I sell it for £50 as a beater or tidy it up? It would convert easily to single speed and I've got bits lying around I could use, but ultimately I'm gonna sell it on..

Keep it as a beater and sell it on. Maybe chuck town bars on it so it appeals to the pub bike/shopper beater crowd.
It's cheap enough that whoever buys it can make it fixed if they want. Hang on to your parts and save yourself the effort.

Sound advice

http://www.ebay.co.uk/itm/281119351478?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

Sold in 15 minutes for £70!

Great story

Nicely done.

Is this thread over?

Is this thread over?

No.
If you like a few evenings tinkering with vintage stuff, clean up, sort defects, add freewheel, adjust chain line and sell on Gumtree (with thoughtfull text, thereby putting you above the baseline amoeba n' tealeaves).
Target = 20's students.
Often ladies, not really into bikes but smart enough to avoid a colourful HackneyNumbBongofixiesinglespeed, which you have deftly undercut, at £150.
Keeps me in beer n' fags...