The voltage on the transformer won't be an issue. An
article on Wikipedia states, "Standardized at 120 V. Electricity suppliers aim to keep most customers supplied between 114 and 126 V most of the time." The house i grew up in read 115v at the wall outlet. The one I live in now reads 125v at the wall outlet.
Frequency maybe a different issue however. Some other members from Europe may have some insight on that.