If your budget is £400, then spend at least half of that on the radio and a fast servo to give you the best chance of keeping it under control. The cheaper radios have horrendous lag. The speed passion reventon s 13.5 combo for £55 is plenty. A £20 saddle pack/shorty and £15 lipo charger from hobbyking. £15 on tyres. That leaves around £100 for the rolling chassis, second hand is the best option but new kits can be bought for this if you shop around.
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