Cheap or expensive 55'' 4K TV?

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I have a dilemma. We current have a Sony 40'' 1080P TV which is perfectly fine, but now to small for the room after moving house (old lounge was long and thin, new one is pretty much square with TV on one side and sofa on the other).

Having sized it up, 55 inches looks about right in size but I can't work out if I should go for a cheaper 4K screen (say £750) with a view to swapping in 2 years or a more expensive one (maybe £1200, maximum I suspect I'd be allowed to spend) and keep it for much longer.

At the moment I don't have much in the way of 4K content (no 4K blue ray player or 4K games), but it would be nice to watch F1 races in 4K (I have the right sky q box) and I may upgrade my Netflix account if there are enough things I want to watch in 4K.

My thinking was if the tech is still evolving then buy a cheaper one now and upgrade later to ensure it works with new standards would be one way, but if the HDR standards are becoming settled then I could get a more expensive one now safe in the knowledge that while the tech will improve each year I won't miss out on compatibility with the main standards and be left stranded.

I'd love an OLED screen but permission for the cost won't be granted, partly because I just spent all our money moving house!

Any thoughts gratefully received
 
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Can't find the KS7000 @55 inch for less than £950 and the warranty doesn't seem great. Not sure that ticks the 'cheap' box for me.

Hisense could be interesting - anyone got one and can say what they are like?
 
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Thanks chaps. Lots to consider. Found a cheap source for the Panasonic one mentioned as well. Sounds like cheaper for now is the route to go at the moment
 
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Can you not just make do for now instead of wasting money on something sub par to what you want..

Thanks to a different size lounge we're squinting to see the TV! If 4k didn't exist we'd still be replacing our existing set with a 55 inch one as it really is to small for where we sit in the room
 
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