I'd rebuild it if I needed a bike but they're not 'exotic' bikes, just basic Raleighs and other than paint pretty much the same as each other.
Nice ride quality though, typical Raleigh.
I came across a small Pursuit frame in immaculate condition (not a chip or scratch anywhere) that I built up for my nephew a few years back, looked like new when I gave it to him but with uprated 12 speed indexed gears (downtube shifters and Sora mechs with a Stronglight crank) and he loved it until he got to 17 and cars came along, then he seemed to lose interest (apparently you've got more chance with girls if you drive a car than if you're a cyclist) but luckily this coincided with his Dad getting back into road cycling so my BIL rides it now. His comment was that it was a nicer bike to ride than his £800 brand new Aluminium framed bike that "shook my fillings loose" (he'd had MTBs before) so I may have converted Nick to riding old 'steelies' like me.