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@blighty
You can spend as much or as little as you like. My first 531 cost me about £200 total but the frame came with headset, stem, bars and BB, so I only really had to buy wheels, crankset, seatpost and seat, bar tape and brakes.
If you are more interested in looks than money double that estimate, I bought bottom-of-the-range everything.
Then there's tools, they always add up.
It will almost certainly cost a bit more than whatever you estimate, there's always something.