Help me decide! Trek 1.2 Triple 2008 £275

My old bike was stolen and I need a new one to get to work!
I've found a trek 1.2 2008 Triple for £275.
The owener brought it round, had a quick spin, first impressions it felt smooth and a comfortable ride. Gears were in good nick, some adjustment maybe required on the front deraillier but nothing major. Frame - good as new.
My only concern was frame size. 56cm - I'm 6' with size 9 feet. There was a little overlap on the front wheel.
What do people think - a big enough problem not to get the bike - seems like a good deal to me.
Thanks!
I've found a trek 1.2 2008 Triple for £275.
The owener brought it round, had a quick spin, first impressions it felt smooth and a comfortable ride. Gears were in good nick, some adjustment maybe required on the front deraillier but nothing major. Frame - good as new.
My only concern was frame size. 56cm - I'm 6' with size 9 feet. There was a little overlap on the front wheel.
What do people think - a big enough problem not to get the bike - seems like a good deal to me.
Thanks!
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Posts
I'm 5'6" and fit a 52 Trek
Did you feel too stretched out or too cramped?
Tons of guides to setting up / sizing bikes on the interweb, some extremely complicated and formulaic.
Basics, in this order:
Saddle height so with your heel on the pedal your leg is almost straight at the bottom of the stroke. (so when you're pedalling with the ball of the foot on the pedal your knee will still be bent) Check with both legs.
Saddle fore / aft position so that when the crank is horizontal on the downstroke, the little lump below the kneecap is directly above the pedal spindle (use a plumb line) Again, check both sides.
Bar height / stem length so you're comfortable with not too much weight on your hands, and when you're holding the hoods the bars should obscure your view of the front hub
My first venture in to road cycling - can't wait to tune it up to fit me and take it out on a proper ride now. Just wish my MTB hadn't been stolen as I don't think it'll be suited to the off road trails around Bristol!
For £275 you will have a great bike! G/F paid £550 for hers.
To the above poster, excuse my ignorance but what's a compact?
This...
http://www.wiggle.co.uk/p/cycle/7/Shima ... 360037041/
It offers a different ratio of gearing and helps with climbing.