+1 on the Yamaha Pacifica 112.
Or what about a Vintage? Trev Wilkinson design features, lots of different styles and models, many of them under £150.
Personally I'd be quite tempted to get an Epi LP Junior, bolt-on, 1 humbucker, for about £80. So cheap you could lose it on the way home from the pub and not feel too bad about it.