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1974 Raleigh Sports 3 Restoration Tips for new rider
So I'm totally "new" to biking in a sense, I used to bike as a kid and picked it back up when I was around 20-23 or so (I'm 30 now). I had a Schwinn I bought from target back in 2011 or so. Took a fall once and I didn't want to spend money at a bike shop to fix it, so it just rode weird from then on. Then it got flooded in a hurricane and has just rotted in my backyard ever since.

I just picked up a bike from bikes direct (Gravity X-Rod Supercross 12 which is pretty bad ass to me) which will be my main bike. I just plan to cruise around town & at the boardwalk, maybe hit a light trail on a weekend sometime, pick up groceries, etc. Anyway, I wanted to learn how to work on my own bike and have a bike for friends to hit the boardwalk with me when they come over.

Got pretty lucky (I think) and found a 1974 Raleigh Sports 3 from FB market place for $60 in a step through frame. Has rust all over it and definite issues but still runs strong. It's actually a blast to ride. I'd probably prefer to take this bike to the grocery store because I'd feel better if this one got stolen. Also it would be really awesome to learn how to work on bikes by working on this one over time. I've been looking at a bunch of youtube videos and the engineering portion of it is really interesting to me. I'm pretty handy so I'm hoping I can help give this bike new life, I did a bit of research (post purchase) and was pretty surprised at the bikes history & value when in solid condition - others are going for $200 to $300 locally and over $300 on eBay. It definitely has a couple of issues but it seems like if you take care of these bikes - they'll last forever and that's exactly what I was looking for.

Was hoping you guys could point me in the right direction.

As a note, I'm not a purist and it I don't mind using parts from other years or even making this a "frankenbike" or even changing it to a fixed gear bike if it's easier/possible to do that. My main priority is just making it better to ride, get rid of the rust & learning along the way. A couple of notes about the bike:

• The 3 speed doesn't work well and the cables are very rusted as well. I'd like to replace these. I'm not quite sure what parts I would actually need to buy so any advice on that would be great.

• Rear break/handle doesn't work at all, you press the lever and nothing happens. Front break isn't really great either and the steel that holds breaks looks pretty bad too. Rather than trying to fix these, I'd prefer to get something new (OEM or not) and just replace all of it if it's not too complicated or expensive to do on your own.

• Wheels are super rusty - I'd like to get aluminum wheels but not really sure what to expect on the price for those, where to buy good ones or even what size to buy. Any info would be great.

Pic of the bike here: https://imgur.com/a/fPQot9n
Close up of parts: https://imgur.com/a/TXyBga6

After I fix these I might keep it more or less as is for the summer but I'm also considering stripping all of the paint/rust removal and attempting to reassemble and repaint the whole bike. Not sure if I want to do this once it starts to get colder or if i'll do this in ASAP if it's not too complex.

Any feedback or helpful resources would be awesome. I have no idea where to look for parts, which parts to actually get and the pages I have found weren't super helpful. Any pointers on what tools I should get would be great too! Thanks,
Hello, @itssimplyjeff !
Matthieu from BikeRide community shared a comment via Facebook:

"Depends on the level of restoration you are after. Bare minimum I would replace bearings, seals, brake pads, tyres, and cables, possibly the chain. Get the hub serviced, oil what needs oiling and grease what needs greasing. If you want as new, you will have to strip it down, take it to bare metal removing rust spots and repaint. The wheels I would probably rebuild with new spokes and rims, the handlebars look ok and would do with just a polish; however there might be a small amount of pitting."

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