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I wouldn't think so - call spokes 50p each, so ~£34 for two wheels worth, and you're down to £72. For argument's sake divide that by 4 for the remaining components, two hubs two rims, and that's £18 per item. There probably isn't a lot worth having and building in to your own wheels for less than that, assuming all new.
si_mon628
MCamb
What's the cheapest set of components that you would consider would build up into a decent wheel I.e. would be worth putting the effort into building. I'm after a set of 700c, rim brake, 9-speed wheels (traditional spoke count, wide-ish road/touring rims) and I'm considering building my own.
A pair of Shimano Sora hubs, Rigida Ryde Zac 2000 rims, and ACI Alpina spokes currently comes in at £106, which seems steep given that I'd be putting in all the labour. Are there any cheaper options that wouldn't represent a big drop in quality?