I reckon if you search around a bit, you could probably find a combined GPS plotter and fishfinder for not much outside your budget (but then you'll have to start saving again for the maps!).
Search on ebay/internet - be careful though:
(i) some of the units advertised cannot take external cartridges, and the 'background maps' are only useful for the US
(ii) be careful of 'GPS ready' fishfinders - which require add ons to become plotters... what you require is a combined plotter/fishfinder
(iii) GPS units sold from the US may only have a background map for the US - which will make the unit a bit useless as a plotter until you buy the Map cartridge. I would still work as a fisfinder/depth sounder, and basic GPS unit though.
(iv) check what type of cartridge the unit takes (ie Navionics, c-Map) - then check the catalogues of these cartridge map suppliers to be sure that cartridges are available with the correct level of detail for the areas you are interested in..
www.navionics.com
www.c-map.com
Probably a good idea if possible, when buying off the internet to buy from a source as close to home as possible (ie UK based...., better shipping times, UK compatible gear, support you home economy, and also for some odd reason - maybe a better feeling...). I bought a Lowrance 320DF (combined GPS plotter and fishfinder) for something around you budget (I forget exactly...) from a UK supplier on the net last year - works great.