Guy is selling a 49 cm Paramount frame/headset for $295. It has a "W" in the serial number to denote Waterford, is made from Columbus SLX tubing (know nothing about that material), and is blue with white paint spatters. Is that price fair? I'm looking for a high-end rider in my size and have been mostly focused on older Raleighs, but have heard Waterford Paramounts are pretty sweet.
If you'll allow me to get ahead of myself for a second, any recommendations on a budget build for such a frame? I'd want to keep the whole project, including the frame, under $1000, but also wouldn't want to waste the whole summer searching for wheelset deals on craigslist.