I have a £200 Raleigh something-or-other that just feels right. It has 26″ wheels and mudguards, a weird headset, and V-brakes, and feels just like the sort of bike I would have ridden as a 10-year-old.
I love it.
Having said that, my MTB is a 2009 Fisher Big Sur and I have always been quite pleased with that too. Unquestionably fit-for-purpose. Yet I just rode by an older gentleman in a suit, riding my very bike, but decked out in full commuter gear. 😯 I don’t know why, but it made me feel a bit depressed.