Exercise bike, spec me.

At that price range i'd avoid ANYTHING new, you just won't be able to buy anything that'll last/be remotely pleasant to use. Look into the second hand market, there's some really quite fantastic deals. Hopefully people more knowledgeable than me will be able to recommend specific brands.

[EDIT] Ow, i thought you meant proper bike for exercising on since i thought you mentioned Halfords (Halfs - yes i know, i'm a moron) D:. I still reckon the second hand market would likely be better, but i know nothing about exercise bikes so could be completely wrong.
 
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If you dont have motivation to go to the gym what makes you think you'll have motivation to use an exercise bike?
I usually find that its easier to motivate yourself at the gym because if you make the effort to go, you can leave again after 5 mins.
 
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