Join Date: May 2012
Location: North of Canada, Adirondacks, NNJ
Bikes: Too many
The bike as is needs a full cleaning and overhaul and lots of consumable parts, basically a full teardown and rebuild. In the US, a DIY effort would be $60-$75, with decent tires. A local bike shop would charge $175-$225, plus tires.
Therefore as is, I would not offer more than $150 US, but hope to get it for less.
OA is overkill for that light rust. Lightly rub with 000 steel wool and WD40. No more rust if you keep the bike dry.
Life is like riding a bicycle. To keep your balance you must keep moving. Albert Einstein
2016 Additions: 1981 Miyata 1000, 1981 Schwinn Voyageur 11.8 chrome, Schwinn Paramount 50th Anniversary, Dawes Galaxy, Raleigh International, 1985 Raleigh Alyeska