DEL 707

I'm not much of an audiophile, but I was browsing in a shop the otherday, and really liked the idea of collecting vinyl records. I was aiming to keep things cheap and stay under £100, but after a little reading, I thought if I'm going to do this, I best splash some cash. Would I be able to get a respectable turntable for around £300. Looked through a load of reviews tonight and at the moment, I'm thinking about the Sony PSHX500, since it's down to £250 on Amazon. I'm also a bit clueless on what speakers to get.