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@nonowt
Hi and welcome!
I'd definitely recommend decent 2nd hand over new. A bit of patience and your £200 should get something very nice. You might need to give a bit more info (or have a bit of think) on what you want.
Here's somethings to ponder:
Gears/single speed
Flatbars/drops
Modern bike/ vintage
Something pretty/something you can lock up without worry
Ability to fit mudguards, racks, Etc.