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@TheorySwine
I'd consider what components you really want to buy brand new, and those you can cope with used (but still in good shape). I'd buy a brand new BB (compatible with whatever cranks you go for). I'd settle for used cranks personally.
You can get an excellent and appropriate wheelset on here for about £200 - they come up for sale often. I could also live with a used frame, especially given some in our classifieds are barely touched. I'd buy a brand new headset though if the frame doesn't come with one already fitted. And definitely forget that freewheel - Shimano jobbies are extremely reliable.