Strolled into the local Cash Converters a couple of days ago, they have several strat type cheap guitars - just going by appearance, I was interested in a gold metallic Nevada brand one, which appeared to have got the basic details right i.e. shape and dimensions - from looking around I think the body may be basswood. Headstock rather ugly, but that could be re-shaped to something a bit nicer looking.
Thing is I have quite a few pickups kicking around, including a set of handwound Voltage brand ones, also another "set" that I used to have on another guitar with Fender Lace Blue for the neck, SD classic stack in the middle, and cheap, but seemingly not bad Artec rails type in the bridge - they made a good combination. ...so obviously I'm thinking I could get a cheap Cash Converters special, put in good pickups, sort out the electrics (I have some spare pots & 5-way switch) do nice job on the frets and setup, etc. etc. - you get the picture.
But would I get anything worthwhile at the end of the day? Views welcome, especially if you've done something like this yourself, cheers!