Yeah I would generally agree to that. I got mine for £600 and admit it's more than I really needed. But it's a pretty nice bike and I use it a lot. It was the cheaper model from the more expensive brand so my thinking was it's probably a pretty good frame and I can replace other parts as I go.

Replaced the tyres after about 2 years, new ones cost like twice as much but marathon plus touring tyres should last far longer and are much more puncture resistant.