It is possible to build it cheaper by using 2nd hand gear, but it needs a lot of patients and time to constantly hunt down parts on ebay and various other places. Unless its a pet project or time is cheap for you, it may not be worth the time.
My time is not cheap and i don't have much patience. Yet despite this i still managed to build my first bike for £110 with 1 ebay purchase of a frame, 1 free 60's racing bike for parts, 1 second hand rear wheel £40 then £20 for tyres, chain, cables etc.
This took 2 afternoons including getting the parts - less than a weekend.
Built my 2nd bike with stuff off the forum with 2 evenings on here, 2 pickup missions and £87 built in a couple of hours.
My bike is light, fast and works just fine. If you want a bike just get on with it. I had little prior mech skills but you've spent enough time looking on the internet that you could've been done long ago. Search function and sheldonbrown and you're ready to ride. My 2p
My time is not cheap and i don't have much patience. Yet despite this i still managed to build my first bike for £110 with 1 ebay purchase of a frame, 1 free 60's racing bike for parts, 1 second hand rear wheel £40 then £20 for tyres, chain, cables etc.
This took 2 afternoons including getting the parts - less than a weekend.
Built my 2nd bike with stuff off the forum with 2 evenings on here, 2 pickup missions and £87 built in a couple of hours.
My bike is light, fast and works just fine. If you want a bike just get on with it. I had little prior mech skills but you've spent enough time looking on the internet that you could've been done long ago. Search function and sheldonbrown and you're ready to ride. My 2p