Found mine in a hedge, was almost part of the hedge.
A 1982 Raliegh Tempest road bike, the gold paint hid the patches of rust well.
The wheels had rotted, i ditched the rusting drop bars and suicide brake levers, a riser bar some old deore brake levers and £115 spent with on-one for a track wheelset and DX 18t freewheel.
The pub hacker is now a pedigree racer, only got joint 4th in a SSEC and second in the clunker classic on it.
Sad thing is in a lot of places old knackers are hard to find, gone for scrap these days, seen loads in local recycle/tip but you can’t fish them out anymore.
Mine would still get nicked because it single speed/fixed, would end up in that London place to spend it’s life being nicked and sold then nicked again.
Still only cost me £115 in new bits, and had stacks of fun with it.
My first DH race bike, second hand in 06 was only £250, new chain and BB later, did a local series in 06 then a Dragon series in 07 so it can be done if your not too fussy.
🙂