After buying a Raleigh Team Banana racer at the local tip for £5 ive gotten back into road riding, sadly the Banana is a bit of a wreck but still moved pretty well but required maintenance after every ride. I pondered purchasing a new bike like a Specialized Allez but you need at least a grand to get a half decent bike, of course I would have liked a Raleigh but modern offerings are pretty kak.
I bought off the bay this racer for around £25 as I thought I could at least nab the wheels and Shimano 105 parts for the Banana



turns out the bike was a Raleigh Record Sprint and the earlier more desirable and very light aerospace contour version. I had the frame blasted and powder coated with a view to using the parts that came with it, I then decided that bolting back these old bits was a waste of time and have spent loads on nice new 105 bits  
bottom bracket, calipers, levers, carbon stem and seat post, wheels, easton bars etc etc just a few more bits to get - cassette, chain rings, shoes!
at least im riding a Raleigh  

looks pretty smart mate!  liking the wheels - they look pricey!

I built it to take on your Street Grifter, first to Boscombe Pier buys the beers!  

  reckon even the mighty street grifter might be beat!   we'll have to get out for another mini-meet sometime soon mate