Is this a suitable budget entry build?

[Shutts]

Here is the build: http://uk.pcpartpicker.com/user/Shuhtts/guides/#view=Dt8TwP
Hi all!
I'm trying to build a basic gaming pc that can run most (if not all) modern releases at low/mid settings and older releases at mid/high settings for as cheap as possible while still allowing capacity for upgrades later. I'm very very new to building and I would really appreciate any advice on the components I've chosen before I actually buy them.

Many Thanks.
(Note: I live in the UK so prices will vary from the US)

 

[Nuckles_56]

This build will give you better performance in the CPU and GPU department for £12 more

PCPartPicker part list / Price breakdown by merchant

CPU: AMD A8-6600K 3.9GHz Quad-Core Processor (£68.34 @ Aria PC)
Motherboard: Gigabyte GA-F2A88XM-D3H Micro ATX FM2+ Motherboard (£47.71 @ Amazon UK)
Memory: G.Skill Ripjaws X Series 4GB (2 x 2GB) DDR3-1600 Memory (£32.40 @ Kustom PCs)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive (£37.99 @ Aria PC)
Case: NZXT Source 210 Elite (White) ATX Mid Tower Case (£33.85 @ Scan.co.uk)
Power Supply: EVGA 500W 80+ Bronze Certified ATX Power Supply (£38.87 @ Scan.co.uk)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer (£10.50 @ CCL Computers)
Total: £269.66
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-02-25 00:28 GMT+0000

 

[Shutts]

This build will give you better performance in the CPU and GPU department for £12 more

PCPartPicker part list / Price breakdown by merchant

CPU: AMD A8-6600K 3.9GHz Quad-Core Processor (£68.34 @ Aria PC)
Motherboard: Gigabyte GA-F2A88XM-D3H Micro ATX FM2+ Motherboard (£47.71 @ Amazon UK)
Memory: G.Skill Ripjaws X Series 4GB (2 x 2GB) DDR3-1600 Memory (£32.40 @ Kustom PCs)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive (£37.99 @ Aria PC)
Case: NZXT Source 210 Elite (White) ATX Mid Tower Case (£33.85 @ Scan.co.uk)
Power Supply: EVGA 500W 80+ Bronze Certified ATX Power Supply (£38.87 @ Scan.co.uk)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer (£10.50 @ CCL Computers)
Total: £269.66
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-02-25 00:28 GMT+0000

Thanks for the quick response! Won't the Micro-ATX mobo limit my expansion in the future quite a bit though?

 

[Nuckles_56]

It will a little bit, but the chipsets which are associated with the CPU are far more of an issue as they limit the CPU that you can put in the motherboard. As ideally, you would go and put a fx8320 or 8350 into it and get much better performance. The issue is that only some of the motherboards support those CPU's