I've bought one as a winter hack. The forks were a mess but they've had a repaint. Now it's been cleaned it looks a different bike. This is it on the
eBay ad:
The only problem is the sadlle - the previous owner who liked his pies too much

and had everything angled wrong fitted a Selle Big Bum saddle, which isn't working as it's uncomfortable. So I've bought this red Selle Italia XO saddle yesterday for £5:
http://i.ebayimg.com...Uyk!~~60_12.JPG
Now I've spent over my budget; it's got a red water bottle holder, bar plugs, red MTB muguard and a tool bag (all red). The saddle's taken it over the £10 repair limit I'd set for a winter hack

.
If anyone can tell me how you fit proper mudguards to one of these I'd be grateful.