awesome job man.... mine only cost £50, but then i had to pay £120 for tyres.
the size u have is prob 185/50 cause the 175/50's that i have are only made by pirelli (the p6000) and good year (touring), i got the p6000's on the front an good year on back!!!
plus a proper low profile so hardcore lowering is under way!
Sound like you both got bargains! My GT2 wheels cost me £100 with knackered tyres, although the wheels themselves were in perfect condidtion with no kerbing, then I spent about £40 on paint, primer & lacquer for the respray, and nearly £200 on tyres!
Worth it though, they look the nuts and those pricey tyres are Avon ZV3s (185/55, thats actually the standard size for Punto GT) so it sticks to the road like s**t to a blanket
thinking of going for 40mm spax springs
dont want to go too low due to cobbles and speed bumps
will have to wait though till i get lower profile tyers cause there is not much space between the wheel and arch and there is already some rubbing on full lock