Hi CoG,
I've had this same dilema looking for a racing bike for my 12 y/o daughter. What i've decieded to do is go a hybrid route, and then at some stage, convert to drops.
Its seems a big dearth of anything suitable at that age range with out spending bucket loads.
I'd say look for one of those female raleigh type bikes on fleabay and do it up to a workable condition, perhaps with a touch of pink bar tape or something
eg this or this or this or this or this
You get the idea....I ebayed: girl racer and lady racer....stuff like that!
I'm sure they may need a bit of work - though one or two of those were in new condition. bars might need raising/ a bit more padding for a beginner though
ALL 5 of your suggestions are childs/girls bikes!
I assumed the OP was for an adult ladies bike, especially as she is 5'6" tall (that would be a very tall kid).
You can't simply fit drops on a hydrid bike as the top tube will be far too long! Straight handlebar bikes always have much longer top tubes than drop bar bikes.
If I was allowed to get another bike (and was a few inches taller) I'd be bidding on this:
http://cgi.ebay.co.u...=item33608e967c
It's not got drops but it's monumentally, phenomenally, almost biblically girlie - and 21" should be spot on for 5'5". My guess is it'll go for less than £100.
That leaves £50 to convert to drops if you want to, or £50 for her to buy the girlie basket she's going to want as soon as she sees it![]()
It certainly looks in good condition for its age but other than that it's a pile of $hit! It should certainly go for under £100 becasue it probably only cost £100 new.