When it comes to fixing up classics dont go by the peugeot. I have redone Fuji Miyata Schwinn bridgestone freespirit Nishiki Spectum on and on. I looked for a year for the right size peugeot for my self. I had all the parts, new all the traps and pit falls, had it all planed out ,and still the peugeot double crossed me and was a pain in the ask.
It reads original in good condition and thats what it looks like in the photos. Go test ride it if you like it buy it. It looks like a nice bike at a fair price.