Another Bike?!?! Que?!

Although I love my fixed wheel bike, I thought I'd like another bike I could mess about on, generally crash and bash. So I posted an ad online, asking for a cheap old racing bike, requesting people to check their grandma's sheds.
Today, a lovely man called me up saying that he had a bike that was taking up room and that he no longer wanted. He even offered to bring it to my flat since he lived out of the city.
He brought it round and let me have it for no more than £50 (as requested in my ad).

ABSOLUTE BARGAIN!!!


This bike with it's components is easily worth more than £200, if not £300 if I were to clean it up a little!
Now I have the dilemma of deciding whether to keep it or sell it. Currently I'm thinking of keeping it as a second/winter bike or something that my flatmates can use to pop into town. It's too nice to use as a beater bike. Does that mean I'm still after another bike!? Let's hope no one else responds to my ad with another vintage gem!

More pics of it to come.
I'm well chuffed. Except that I got so excited I forgot to do any work today...

Subway

Old Bike. New wheels.

My bike frame is old and the axel dropouts are smaller than the modern equivalent.
So I got a puncture in my old rear tyre yesterday and thought I might as well just replace the wheel with the new one I have.
Unfortunately due to the difference in axel bolt sizes I'm required to file down the dropouts. Found out that it's the hardest steel ever! I only have a crappy file :(
What should I do?

I can't live without my bike! I've ridden it everyday since returning to the toon and now I'm condemned to snail pace walking. Boooo.

I <3 Bike.

This is my fixed wheel bike. Fixed wheel ie. pedal forward and you go forward, pedal backwards and you go backwards. No coasting.
It's got a chrome Carlton frame, a StrongLight 50tooth chainwheel and a 14tooth sprocket. I'm just in the process of fitting some new Halo Aerorage rims wheels on it. A bit of a pain because with it being an old frame the dropouts are a couple of mm smaller than the axels on the new hubs. So I've had to file down the hardened steel dropouts to make them fit. I did the front ones last night, I think I'll try and do the rear ones tonight and get the rear wheel fitted tomorrow with the help of the guys down at Recyke-y-Bike.