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A bike to convert can cost a LOTS less than £100-150.
it could range from free to £50 easily if you know where to look, especially if you ask relative and friends if they have any old bike in the shed.
a complete rear wheel cos £75-100 OTP, and you're sorted (once you get the small stuff sorted, i.e. chain).
Agreed, put the word out that you're after an old racer, loads of people will have something in the shed that will sit there until they hear of someone who wants to re-home one. Check on freecycle.org as well.
To give you an idea of how much a conversion could cost here's a run down of mine:
Old Townsend 10 speed (don't laugh!): Free from a neighbours garden.
Brand new fixed rear wheel: £100, check on here for cheaper 2nd hand ones.
2nd hand tyres, tubes and front wheel: £30 from this forum.
Grips and brake cable: £10 from Evans
Brake lever: £5 from ebay.
Chain: £6 from ebay.All the other bits and bobs I either had lying around already in my shed or was kindly donated from the pile of bits my mate at the local bike shop has.
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Welcome to the forums.
Converting a bike to fixed gear doesn't have to be a bottomless pit, it depends on what you start with and wether you feel you *need *to have lots of shiny components or can make do with what came with the bike. In theory you could start with an old 10 speed bike and replace the back wheel and leave it at that. If the bike is complete and in a rideable condition you'll have everything else you need.
My bike is an old 10 speed rescued from rusting in a garden. I replaced everything except the frame, fork, BB, seatpost, stem and headset, mostly from 2nd hand parts and spent less than £200. If you start with a bike in good enough condition you can easily do it for less than that.
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The nice thing about chains is that you can go into any bike shop and buy one, unless belt drive took off overnight and a standard belt size was agreed on by the bike industry I can imagine getting hold of spare belts/pulleys would be alot trickier than finding chain driven components, you wouldn't be able to shop around as much either.
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If you are planning on going to the police and want it looked at as an attempted assault then I'm not sure if it works the same way as in the "what to do in case of an accident" thread but that thread is worth reading. It may be worth mentioning to the police that you want it looked into as a criminal offence, not a traffic offence.
I'm sure there's someone on here that knows more about these things than me.
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are terrorists nicking bikes now, is there no end to their evil doings....
Yeah, apparently they are big fans of this band http://www.myspace.com/tbiapb
I had a stolen bike recovered by the police once, I gave them a detailed description and a few weeks later it had been found dumped in a ditch. Shortly afterwards it was stolen from the same shed again, the scum obviously thought I'd have a replacement bike to nick by then, it was never recovered the second time.
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A 10 speed Townsend that was rescued from rusting in a garden, built it up with a new rear wheel and some 2nd hand bits.
Ah those were the days... last month! :)