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First road/racing bike - What to get at an affordable price?

I want to get a road/racing bike to get to college and back 6 days a week ... its cycling about 15miles or so each day. Ive seen a couple of bikes, but my budget is around £200 - 250 so i know i'm going to be getting the cheapest of whats going ... but what are good bikes for this price?
 
Mar 13, 2009
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^ what they said. Ebay is always flooded with bikes from people who purchased brand new and rode it less than 5 times. Also, if you're in London, make sure you get a Gold Rated lock like a Kyptonite and insurance if you plan to have it in public places.