I paid around 500 for my current laptop, that was 6 years ago though. Quite decent specs I’d say and still going strong today!
My sister’s current HP with its measly specs (14", i3, 128GB SSD, 8GB RAM and a screen that barely qualifies as HD) was somewhere around £550 on discount if I recall. Prices have really gone up.
As I was typing this up, I just browsed around Currys (a big tech store over here). £450 to £500 will get you a Pentium or Celeron Chromebook, or an ageing i3 if you’re lucky. If you get really lucky, you might find a low-end modern i5 on discount, but all other parts of the laptop will be dreadful.
EDIT:
Yesterday I was on a virtual society session. I was running MS Teams for the meeting, had Fusion 360 open (a fairly mild 3D modelling software that is mostly cloud based) and was recording the Teams session with OBS. My temps spiked to 70 on both the CPU (i5 7300HQ) and GPU (GTX 1050 mobile 4GB) and fusion was totally unuseable, I was getting 2 FPS and huge (4-5 secs) input lag.
Good thing I’m still not looking for a new one then lol! My laptop has better specs than the ones you listed though. I can run various music software for example.
What are your specs?
Are they known to be heavy?
@gatsie I just realised we probably won’t have a forum when my XPS comes, so I’ll probably post it on the WA group or I can send it to you personally.
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You got my nr. Feel free to keep me posted however you like 
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