A battered 531 or similar is a much better bike for your money. Probably even less likely to be nicked than something that says Peugeot on it. My Peugeot's an irredeemable heifer. I wish someone would nick it.
If the paint is still mint then the frame must be worth at least £300? And if you get him down to 150..result. I'd still view it first (cracks, dents etc)
tea-leafed meant stolen.
Very enjoyable, thanks