Very nice Raleigh 5-speed. Cool find. Do you know what year it was built? If you haven't done so and this bike has been sitting for more than 10 years, it needs new grease in the hubs, bb, and headset, and grease in the cables. Grease just doesn't last that many years, even if it hasn't been ridden. And the small piece of cable housing between the chainstay and the rear derailleur needs to be longer or you're going to be breaking cables. Sweet bike. Enjoy.
Oil is good, grease is better.
2007 Peter Mooney w/S&S couplers/Terry Butterfly
1993 Bridgestone MB-3/Avocet O2 Air 40W
1980 Columbus Frame with 1970 Campy parts
1954 Raleigh 3-speed/Brooks B72