purchased in my village for 20 quid, still learning about it and bikes in general, had to buy a new derailleur which a friend fitted, cleaned the wheels and crank to the best of my ability but still not 100%, the handlebar tape still had a film over it even though it has discoloured slightly, im surprised how many on here like it, it will have to do me until I find a spare grand kicking about for one like everyone else rides 😁
Looks like a proper score - I hope you'll continue to keep it in the condition it's managed to maintain over the previous thirty-odd years
You'll find a lot of love for old steel on here and rightly so IMO. While the components can seem limited and achaic by modern standards, they're generally well put together and honest; while the frames still ride well and will most likely outlast more modern offerings if properly looked after.
These old entry-level Raleighs aren't worth a lot financially (yours I'd suggest ballpark £100, FWIW) but they're still great, capable bikes and make excellent utility hacks or budget mile-munchers. I love them as they're a slice of nostalgia that harks back to simpler times and our then-still-breathing domestic manufacturing industry.
For what it's worth
I have a Raleigh of similar vintage - an abused, probably stolen-and-abandoned beater that's become a bit of a project utility bike and I really love it. Given their similar age and position at the entry level of the market it wouldn't surprise me if both bikes had the same frame; the paint job and components differing to target different markets.
Ultimately they're good honest bikes that deserve to be treated with care and respect, as well as a route to a viable steel frame without paying the earth for a new one with a trendy badge