Pretty decent i would say. I've made some changes to it here, listed them below the list too.
PCPartPicker part list /
Price breakdown by merchant
CPU: Intel Core i5-4690K 3.5GHz Quad-Core Processor ($219.99 @ SuperBiiz)
CPU Cooler: Noctua NH-D14 65.0 CFM CPU Cooler ($77.98 @ OutletPC)
Motherboard: MSI Z97-GAMING 5 ATX LGA1150 Motherboard ($146.98 @ OutletPC)
Memory: Kingston Fury Red Series 8GB (2 x 4GB) DDR3-1866 Memory ($71.99 @ NCIX US)
Storage: Samsung 840 EVO 250GB 2.5" Solid State Drive ($156.99 @ SuperBiiz)
Video Card: MSI GeForce GTX 970 4GB Twin Frozr V Video Card ($344.00 @ NCIX US)
Case: Corsair 300R ATX Mid Tower Case ($69.99 @ Amazon)
Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($33.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($90.99 @ NCIX US)
Wireless Network Adapter: TP-Link TL-WDN4800 802.11a/b/g/n PCI-Express x1 Wi-Fi Adapter ($36.82 @ OutletPC)
Case Fan: Corsair Air Series AF120 Quiet Edition 39.9 CFM 120mm Fan ($17.99 @ Newegg)
Case Fan: Corsair Air Series AF140 Quiet Edition 67.8 CFM 140mm Fan ($19.98 @ OutletPC)
Case Fan: Corsair Air Series AF140 Quiet Edition 67.8 CFM 140mm Fan ($19.98 @ OutletPC)
Case Fan: Corsair Air Series AF140 Quiet Edition 67.8 CFM 140mm Fan ($19.98 @ OutletPC)
Total: $1327.65
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-01-17 15:13 EST-0500
1: You won't need any thermal paste, Noctua gives you a little tube of some of their "good stuff", with the NH-D14.
2: That case is way overpriced, it's one of Corsair's budget cases, it probably costs this much because of low avaibility , because it's not the newest lineup of cases or something like that. I replaced it with the 300R.
3: The PSU is way too big for this build, I'm running a very power hungry gpu (R9 290) + an overclocked i5-4670K on a good 550w. Your GPU is not close to as power hungry. This XFX PSU will have enough power, still be of great quality, and it will save you $100! That will even give you enough to go for the i7-4790K and still be on the same budget.
4: changed the Corsair AF120 performance edition to a quiet edition like the others, don't know if it was a mistake, but you should defently keep all the fans "Quiet edition".
And for a little side note:
You'll defently want to add a big cheap HDD to your system for all your games, don't know if you planned to do so with some old drives or not.
Would add atleast 2TB, i personally already used 1100GB, and i ONLY keep games on my pc (~100 steam games in library) and a few pictures and programs.
Etc. GTA V is going to require 65GB for installation, games only get bigger and bigger.
And i would probably ditch the Wi-Fi adapter. When you're home, you'll use a cable, if you're gonna use it at LAN's, you'll probably have a very bad connection unless your host's wireless is amazing. If your own wireless is really good at the location your pc is gonna sit, AND you won't be able to get a cable from your internet router to your pc, THEN i see some justice in buying the adapter.
😉
Hope this helped!
EDIT: oh and for overclocking, It will probably come down to the CPU lottery (every CPU is different), i think your motherboard will be ale to auto-overclock it. Else, you'll have to do it in steps probably, where you'll test different vcores and run some stress test or something to see if it runs stable.