Well, I missed the "£20" one, went 6 minutes after you posted.
But, to be fair, it looks to be in a worse state that what I have?
I'm 5'8", and really looking for a comfortable commuter bike for 7 miles each way, rather than narrow tyres etc.
I will obviously keep looking (and I do really appreciate more pairs of eyes for better solutions), but meanwhile I can commute on the current pos. Will minimise expense on it, think the only thing I'll have to buy new immediately (apart from the chain and rear set) is a pedal.
(I've never seen a chain before where you can lift it on the back set, and see the links stretching and shrinking as you do so. When I take it off, I will measure it just for interest, to see how much stretch it actually has)
Thing is, whatever I go for, I'll prob end up wanting a decent set of no slip pedals, a comfy saddle, and prob a new chain, at least this one came with mudguards, rear pannier, and even happend to have mountings that fit my front and rear lights.
Nige