Old road bike I may buy - advice on value please!

[Flippin' Kipper]

Coventry Eagle

Vintage, Steel framed traditional road bike. In need of some restoration. It is in working order but looks a little tatty and could do with some new break pads. The Tyres are inflated and gears are working fine. Collection only or if YOU want to organise for a courier to collect.

Seen the above on ebay, and was thinking of buying it for a restoration project, but have no idea how high to bid, or how much to offer if I were to go and see it. Can anyone help me out, would £40 be ok, or would that be far to low / high?

[Flippin' Kipper]

Y282 said:

this looks like it used to be a quasar:

http://cgi.ebay.co.uk/Sugino-GT-rally-R531-racing-...

I do like the look of that, shame it's so far away.

Only interested in this one as it is cheap and near me (Mid Wales), and I just fancy a cheap road bike I could polish up with a bit of wet and dry, fully strip and grease and buy new pads for. Not looking to spend a huge amount really, I spend enough on my mountain bike!

May go and see it, then offer him £20 then, see what he says...