I'm not fussed about the equipment storing easily. It'll be out full time unless important company is over. Which isn't often.
regardless mate, the cheapest bench i could recommend is still £200
http://www.fitness-superstore.co.uk...d_flat_incline_decline_bench_grey/7087_p.html
at that i would rather pay the £20 extra and get the foldaway one in your situation.
the 2 companies i usually look at are body solid and powertec, both are well known worldwide brands, and high quality.
you could go for the cheap option which is this
http://www.powerhouse-fitness.co.uk/bodymax-cf430-heavy-duty-flatinclinedecline-bench.php
although its £150, i would rather spend the extra £50 and get body solid, its not something i can recommend personally, as i only buy well known branded equipment.
£400 is basically going to get you nothing, £700 will get you a cheap setup, £900 will get you a brilliant setup.
see the cheap spec below:
Bodymax CF430 Heavy Duty Flat/Incline/Decline Bench / SEBR2403
£ 149.99
Bodymax CF415 Squat and Dip Rack With Spotter Catchers / SEBR2461
£ 131.24
Bodymax Olympic Rubber Radial Barbell Kit - 145kg / WTWK0037
£ 289.00
Bodymax Olympic Chrome Dumbbell Bar (single) / WTBC0018
£ 23.99 x 2
Strength Shop mats x 3 = £80 ish i think
Cheap Setup = £700
i would rather save up the extra £200 and get a well known branded setup, but that's me, you can make your own mind up.
also olympic dumbell handles are fail, if you want a decent dumbell setup your talking £500 minimum just on dumbells, i suggest you read through this thread why, as i have already explained why olympic dumbell handles are crap.
if you want to buy standard equipment, go to argos and spend away, but i strongly suggest you read this thread fully before making your mind up.