Hi
I just got Peugeot https://www.flickr.com/photos/92041733@N05/
(what year is this model 84,85...?I couldn't find exact same one)
as I can see from the first sight there are some parts changed and some parts that need to be changed.
I'm not to qualified or experienced so please help me to decide if it is worth to work on it or any suggestion what will be useful to replace/repair.

Thanks
(sorry for my English but I couldn't find as good bikeforum in my native language )

Hello Kodzik, welcome to the forums. Most any bike is worth at the very least putting in to ridable condition. If this fits it certainly looks like a good starting point to make a serviceable commuter bike. It is also a excellent bike for learning the basics of mechanical repair.

Somthing looks funny with how the rear wheel is mounted. If your not familiar with quick release wheels take it to a shop or a friend who is knowledgable about them. On you flicker pic 7144 there is what looks like a big spacer or something between the skewer nut and the frame. This could cause the wheel to slip out of place and cause an accident. That is the first thing to look into.

In my opinion most frames are worth saving. Luckily this model is after Peugeot moved away from French threading so newer parts will be easier to find. I wouldn't put more into than you could get a "better bike" for but it's worth something none the less. Just understand that this is not a great frame as far as model and materials go so you don't want to go putting great components on a base level frame.
As a commuter and especially as a way to learn bike mechanics this is a good place to start. I learned by investing a bit more money than usually recommended on low level French bikes but I learned a ton on bike repair and am still learning.

Good luck. 'Tis a slippery slope.

'85, I believe.

Looks to be a decent enough bike to get up and running. Doesn't look to bad conditions wise so shouldn't cost much. Don't change components unless something is broken. Also make sure it fits before spending any money.

Worth it as long as you do the work yourself and are resourceful. There is plenty of help on the web as well. Here in the US, many larger cities have bike co-ops, where knowledgeable volunteers help people repair their bikes and provide access to tools and affordable parts too!

It should be post the french/swiss threading era, so it looks like a worthy project.

"worth it" is all relative. Those are nice riding bikes and rather simple (usually) to replace parts with (in other words, the Pugs from that era have common diameters & such, so for the most part you can actually replace parts without buying expensive "collector" parts. I think the ones for the non-US markets had downtube shifter braze-ons & the US market ones may not have. I had a non-US one that I rode a while in one configuration & then built as a flat bar road bike to give to a friend. What they are not is bikes the command a high resale price when fully restored.

Go on and enjoy your bike. A good cleaning, polishing and waxing should make for an attractive machine. Go through it bit by bit, replace grease, clean or replace bearings and so on. Especially make sure those Maillard hubs are cleaned inside, some first rate grease applied and properly adjusted. New cones are virtually unobtainable.

+1 A lot of the worth working on depends on who is doing the work and what one considers a reasonable time frame for getting the work done. This bike is defenitely worth working on if you do the work yourself and are not bothered by it taking sometimes a month or more if you have to order find parts on a budget. If your paying someone else to do the work who will likely buy order what as needed at full cost right away no. Yet from what I see I don't see this bike needing a lot to make it a functional rider I would do a quicky clean grease and tune and just ride a bike like this, when i was on a budget and less experienced as a mechanic I road bikes like this one for years doing only the minimum.

If you plan on riding it with Helicomatic hubs for any time or distance,
clean and lube them, like someone already said.

Then start saving up for a new set of wheels..it can be a used set, just
one with hubs that fit your frame and are a little more durable and repairable.

Otherwise, with some work and attention, it ought to ride fine for you.

Hi,
Thank you all very much for supporting me in 'not giving up' on this bike.
I'm riding MTB bike but always wanted to have road bike to have variety options of training and to learn how to repair small mechanic defects.
After receiving this bike I lost all my enthusiasm and needed a little support
So once again thanks for general opinions and definitely I'll come back later for more detailed ones (eg. is it better to keep Helicomatic hub because are rare ore replace them...)

Regards,

If they were mine, I'd keep them unless they were impossibly knackered — badly worn, pitted, damaged cups or cones. Just pull them down, inspect and overhaul them by replacing the bearings with the exact same size or the specified size that may be on Velobase or somewhere. Pack them with good grease and adjust the bearings for correct tension using the cones and locknuts. I dunno about Heliomatic hubs, but I have found Maillards to be subject to changing tension after the wheels are cinched back down on the drop outs with the quick release skewers. They are not the only hubs that may do this.