HELP - vintage Mercian Reynolds 531. How much is this bike worth

[markcle]

Hi guys.
I’ve come across a few bike recently and don’t no to much about them to be honest.

Do any about know much about this bike and how much it’s worth ect.

Thanks in advance.

 

[bikeworkshop]

People like Mercian
And tourers sell better than racers.

This might have been repainted and rebuilt - possibly originally had 27" wheels and now has 700s?

Chainset is a bit sporty.

"Worth" 3-400 in working order