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Electric guitars start at around £100, Squire Strats being the usual beginners choice. I haven't looked recently but they used to be in the £170 range. Of course you'll need amplification for an electric, something in the 10 watt range would cost around £70ish.
If you are serious then I suggest you find a guitar shop and take a look around with a price in mind. Either that or buy some sort of guitar publication, they will have shop adds in them with prices etceteras
I am bit better now so I may get decent electric or bass for Christmas!
You really do pay for quality though... if you're serious about it SPEND THE MONEY!
The specs are as follows:
Body
Body Solid Hardwood
Bridge Standard Fulcrum
Electronics
Pickups 3 Single Coil
Controls Master Volume, 2 Tone
Switching 5-way
Neck
Fingerboard Rosewood
Machine Heads Chrome Covered
Frets 21
All for the amazing price of $149 = £105.
Is this a good one to get?
If you go into any decent music store that sells instruments then ask the guy, they should help you with all you need to know.