Well, it's definitely at the lower end of the Raleigh range and aimed at people with a lower budget who wanted something to get from A to B which also looked 'racy', or a first buyer type – it's not a 'proper' road bike. That's obvious from the saddle, cheap gear levers on the stem, the 'suicide' brake levers, and pretty much everything else on there. Raleigh were very much cashing in on the 1980 TdF win, of course, but no one is winning a tour on this thing!
Still, nice (if very early 80s!) paint job, and still worth a tenner. It could be a decent sort of town bike with a few tweaks, but it's going to be pretty heavy and I doubt you'd want to do anything vaguely 'serious' on it...but there's something to be said for keeping these bikes going. Better than it languishing in a barn...