Apologies for not having responded until now. I contrived to fall off a ladder at the weekend, so have been a little distracted. Many thanks for all of the advice, it makes me think I am indeed overthinking it, and after all (a) any 60 year old bike is likely to have a few issues, and (b) a bent frame is not insuperable. I had thought that the whole bike would need to be stripped down to the frame but that appears not to be the case.
The vendor is asking £4000, and I am tempted to make an offer.
Thanks again, all
Martin