electric acoustic

Hi can anyone give me a bit of advice.

I have been offered a LAG electric acoustic guitar, brand new for £220.
Question1. is this a good price?
Question 2. are they any good?

I am new to this and would appreciate any advice. <img src="images/smiley_icons/icon_redface.gif" border=0 alt="Embarassed">

Many thanks.
steve
<img src="images/smiley_icons/icon_rolleyes.gif" border=0 alt="Rolling Eyes">  <img src="images/smiley_icons/icon_rolleyes.gif" border=0 alt="Rolling Eyes">