I had an M70 Featherweight as well and it was a beautiful rifle. As Ryan said, the stock was a bit average as it came from the factory but I sanded it back and oiled it up and the results were well worth the effort. Since selling it I've had three people tell me they coverted that rifle and would have bought it had they known it was for sale.
I wouldn't be concerned about the barrel being threaded. In New Zealand that often increases the saleability rather than detracting from it.
My recommendations would be - make sure you check the bore of the barrel for pitting and, if you can, remove the stock and ensure there is no corrosion in the unseen parts where the metal meets the wood.
I'm pretty sure you'll enjoy that rifle.
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