It's a vintage low-price 'Shopper' type folder, the original design is from around 1970 or so. Steel frame, cottered cranks. The brush paint job may disguise many woes or it may be the whimsical work of a deranged fanatic. It could be a fun bike to ride, if fixed up.

It has a hint of Raleigh about it, brown grips & fenders, and chromed ? fork crown. Could be anything though. They were churned out by a number of Brit factories in the Seventies, and mostly scorned over here in the UK, and are now found mainly in junkyards. They seem to be fashion icons in the US and Oz though. Yours is a 'ladies' model step-through frame.

If restored, you'll be able to sell it for about half the cost of the restoration.

Pro's: They don't make them like that any more, so you'll have a 'fun' bike. Cons: They don't make 'em like that any more so it will be a faff dealing with the restoration.

The front-wheel mounted bottle dynamo is a death-trap, by the way.

Expect braking to be more or less notional if it has steel rims, and cottered cranks to be a source of constant hair-loss if you want to get the forty-year old cotter pins out. Hint: obtain new ones before you try, and expect the bottom bracket bearings and wheel bearings to be square and rusty. If it has alloy rims it might be post 1980 or so, and a Far East shopper bike.

Most of the fittings look to be old Imperial stuff, bearings for the head race and bottom bracket are easily available, as will be bottom bracket cups and spindles. Wheel restoration tends to involve expense and rusty spokes/corroded nipples. It's often a sweary, irate process.

Worth? An entire body of folks 'do up' the similarly woe-begotten Raleigh Twenty shopper, and love them. You could have discovered either a new life-time hobby or a drain on your Medicare frees.

Fix or fling? We wait with baited breath.