Cheap first Home Cinema setup

[Born2BSlow]

Hi there, I've been toying with the idea of a projector setup for some time and I've found some bits around in different places and wanted some opinions from those more experienced than me.

Optoma 183X = £338 new or (£273 used like new) or Benq W1050 = £450 (or £389 used very good but no remote)

Homegear 100" electric motorised screen £75

Sony BDV-E2100 5.1 surround/Home Cinema System £189 (says it's 1000w but reviews say it's not that loud)

All in £537 with the Optoma plus some cables

Is it worth doing this on the cheap like this or will I be disappointed?

We currently have a 42" Panasonic Smart HD TV (about 5/6 yrs old) which will stay for now. The projector setup will go upstairs in the gaming room for movie nights while wifey watches her serial drivel on the TV.

 

[Born2BSlow]

Thanks Lucid, good to hear the projector is decent. Wall is not an option sadly, there are fitted wardrobe doors one end and a window opposite. So I need a better screen?

There will be a networked PC in the room, could I just do away with the AV receiver and get something like a Wharfedale DX-1 SE 5.1 Speaker Package plugged into the onboard sound (X58-UD3R mobo) or get a killer sound card? Films are all stored on my NAS and will be streamed via the PC and hdmi to the projector anyway.

Actually just spotted a manufacturer refurb Yamaha RX-V381 on the bay for £180 would that do the trick? Should be quieter than the PC (although I can turn the fans down on the PC)

 

[Born2BSlow]

Thanks for the detailed response lucid, much appreciated. Found a tensioned screen for a little over £200, might be able to stretch the budget for that.

Also looking at Yamaha av receivers and wharfdale speakers, probably work out more like £700 max...