My approach is one of these small valve combos, sure I have a Valve Jnr, but Thomann in germany are doing the Harley Benton clone of the Epi amp, both the head and the combo, for £60! Out of the box, they are pretty good, but modded, they are awesome. They also sound great with pedals.
The other advantage is that they are also very loud, and will easily keep up with a drummer for the odd jam too. I have known people gig with them too.
Just my penn'orth