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Thanks for your reply on the bike!
I've checked with the seller and the wheels are in fact 27", like you suspected. Very good news. The top tube is a bit long for me though, so I think I understand now why the stem reach is shortish. It's 22.5" c-c. Need to think that over. 22 would normally be my maximum, but maybe it's not the end of the world.
Sorry your offer was rejected.
A lovely Gillott has appeared on ebay and looks like from the 50s to me. On paper the frame is my size (22"), but it also takes 26" wheels (so I guess it would actually be lower than 22") and there is no clearance I would think for 700c wheels. I personally have no experience of 26" wheels. I read that they are good for touring and off-road, so to see such heavy and small wheels on a racing bike like that light Gillott seems an odd choice. Still, the thought that it could really go for a mere £29,50 seems absurd. Perhaps someone else here is interested?
ebay link