I’ve got one of the Aldi 2.5hp 24L compressors (£100).
Copes okay with an impact driver and a die grinder if you have the patience to allow it to catch up. I also have the £80 Lidl one which has a slightly different regulator set up and is supposed to be 2.5hp but my power meter says it is more like 2hp (the Aldi comes out at 2.5). My plan is to link them together along with my 65L spare tank.
But another option is the 3hp ‘V’ type ones that you can find on ebay, machinemart and Lidl sell for about £180. The figures indicate an air output just a bit lower than two of the 2.5hp types but for 2hp less and it has a 50L tank so if you can afford one of those then they are a good buy.
Toolstation are also doing a SIP compressor for about £99 but it’s not as powerful. It is oil free though so good for paint etc without any extra equipment.