I love old horror movies, especially when I know none of the people in them, and they are from an era before there were cell phones, iPods, and back when clichés were being made, rather than laughed at for their ridiculousness.
The story is pretty basic- ancient curse of a doomed witch, jumping forward to the "present" (ha ha), where of course, the witch returns. The pacing is pretty good, with the story at least always moving forward. I didn't find it too predictable, which was good, and despite how dated the fashion and music were, it was interesting.
Technically, it was a mixed bag for me. Grainy old film stock and imperfect sound actually make an old horror film better for me in some respects. Like one of the other reviewers, I found the spoken words over the opening titles a bit creepy, but most of the soundtrack is rather annoying.
The acting is acceptable from some of the cast ("Alan" was pretty good), and the copy I watched was choppy and the film was scratched. Still, this brings back some fond memories of movie-watching to those of us old enough to have operated a "record player".
While not a classic, I'd recommend this for anyone who loves old horror movies. Simple, fun, and not so burdened by huge effects sequences or big stars that you ever feel distracted from the story. Watch and enjoy!