Computer sensor mounting

Hi there. I'm very new to road cycling and after buying my bike this year I can safely say that Ive been bitten by the bug. My next item on the hit list is a cycle computer and I wondered if it would be possible to fit the sensor and magnet to the rear wheel? Cant really convince the Mrs that £200 is ok to spend for a gps model so wireless is the way to go, BUT I like the look of my bike and dont want to spoil it with a big chunky sensor on the forks.
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I don't see why not, but the sensor may be too far away from the unit. Some computers only have a 50cm or so range so it may not work, but give it a try!
Road - Dolan Preffisio
MTB - On-One Inbred
I have no idea what's going on here.
Winter - Trek Madone 3.5 2012 with UDi2 upgrade.
For getting dirty - Moda Canon
Whats a respectable average to achieve?
I'm pleased when I get above 16MPH, but the roads up here are in a really bad state and there is a mountain round every corner. I suppose if you've got a nice bike, no hills and good roads 20MPH is pretty good?
Road - Dolan Preffisio
MTB - On-One Inbred
I have no idea what's going on here.