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Anyone know anything about bikes????

I've been thinking about getting a bike so I can cycle to work and spotted one for sale on the work intranet yesterday and just wanted to know if anyone knew what a fair price might be???

Its a M30 Diamondback (ladies one!) and the person who has it at the moment has owned it about 1 year, although it's barely been used due to injury. I'm going to have a look at it this weekend, so I can also double check what condition it's in then. I've googled it, but not been able to find the same thing, although similar stuff seems to be c£300-350. The current owner mentioned £200 ono and I've already said that's a bit much and I think there's scope for negotiation by the reaction.

Anyone know what's a fair price???? I'm thinking c£160-170?

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