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@TM
so cheap! missed that I know someone it would've been perfect for...
On topic - listen to the above advice, wait for something to pop up in classifieds. Some beautiful bikes for between £2-300 from Holland, here you have the luxury of being able to spend as much or as little as you want and end up with a great bike either way.
Figure out what size you need, guessing around a 56 or 58? then go for it. If you get a bike and don't like it you'll probably be able to sell it back on here anyway.
I would say though if you're thinking of doing some serious riding STI shifters are worth coppering up for, if it's just leisurely rides and to dip your toe in down tube shifters will be fine.