New bike help - Should I go for reynolds 531

I want to buy a new road bike. Have been looking at bikes made with reynolds 531 tubes as I understand they are very solid and last long. I have seen this Dawes Londoner

This is the description for it
Very responsive, smooth and light. Perfect for touring or commuting. A really good ride...Probably from mid to late 1980's.
Size 63cm. Suit rider around 5"10 to over 6"0.
NEW Brake Cable inners and outers.
NEW Bar Tape
Large Flange Hubs. Very nice machined Stronglight crank and chainrings. Quality Weinman brakes.
This is an expensive, handbuilt cycle which rides extremely well.
Has a few scratches and marks (not many) etc, otherwise very good. Comes with mudguards and I have a rear rack if wanted (or can be removed).....
It's £150. Do you think it is worth it. I might convert it to single gear later on. What do you recommend.

This is the description for it
Very responsive, smooth and light. Perfect for touring or commuting. A really good ride...Probably from mid to late 1980's.
Size 63cm. Suit rider around 5"10 to over 6"0.
NEW Brake Cable inners and outers.
NEW Bar Tape
Large Flange Hubs. Very nice machined Stronglight crank and chainrings. Quality Weinman brakes.
This is an expensive, handbuilt cycle which rides extremely well.
Has a few scratches and marks (not many) etc, otherwise very good. Comes with mudguards and I have a rear rack if wanted (or can be removed).....
It's £150. Do you think it is worth it. I might convert it to single gear later on. What do you recommend.
0
Posts
"Size 63cm. Suit rider around 5"10 to over 6"0."
I'm 5'10" and ride a 54cm frame.
Hypocrisy is only a bad thing in other people.
It's much too big for you - I'm 6'3" and would be ok on it.
I know that it would be a good commuting bike, but be patient and keep checking back!
I think Gumtree, Bikeradar, anothercyclingforum, and Ebay in that order.
If you are on the lookout then posting a 'wanted' advert on bikeradar would be a good start - lots of cyclists end up with a few too many bikes!
good luck!
thanks
Thats just something to be aware of. Generally speaking I think you'll be fine with a 531 frame as they seem to last for years if properly cared for, you may get lucky and find an old bike thats barely been used and you may well have the practical skills to maintain an old wreck if you get one. I don't think the romantic image of riding some lovely old bike for miles and miles is necessarily realistic. I'd be tempted to look at mountain bikes or racers that are only a few years old as you may find them less of a restoration project. Then again, if that Dawes had fitted it looks like its been a well looked after servant to its previous owner.