Advice on First Build £700 Multi-purpose PC

Selected parts so far:

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor (£186.63 @ Ebuyer)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler (£25.84 @ Amazon UK)
Motherboard: MSI Z87-G41 PC Mate ATX LGA1150 Motherboard (£83.22 @ Amazon UK)
Memory: PNY XLR8 8GB (2 x 4GB) DDR3-1600 Memory (£37.92 @ Amazon UK)
Storage: Sandisk 128GB 2.5" Solid State Disk (£66.98 @ Novatech)
Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive (£63.03 @ Amazon UK)
Video Card: MSI Radeon HD 7770 GHz Edition 1GB Video Card (£80.50 @ Ebuyer)
Case: Corsair Carbide Series 300R Windowed ATX Mid Tower Case (£68.98 @ Amazon UK)
Power Supply: XFX 450W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply (£34.99 @ Maplin Electronics)
Total: £648.09
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-08-08 17:21 BST+0100)

Approximate Purchase Date: Hopefully within the next week

Budget Range: £600-700 for the unit itself not worried about peripherals yet

System Usage from Most to Least Important: Main purpose being able to multi-task, used mainly for media (Music & Films) and University work but also surfing the internet and casual gaming doesn't need to run game on high settings happy with medium

Parts Not Required: Like stated above not looking at peripherals yet will ne

Preferred Website(s) for Parts: none but have £60 Amazon gift voucher that I would like to use though

Country: England

Parts Preferences: pretty much set on the CPU and GPU but would like to keep as cheap as possible

Overclocking: Yes (unlikely to up voltage for a while though)

SLI or Crossfire: possibly in the future

Monitor Resolution: Not Fussed

Additional Comments: I can get Windows OS disck from my University so not worried about that mainly wondering if I have made any compatability errors and what people generally think of the parts. Also not too sure about the case and the Power supply could I get either for Cheaper? I'm really not worried about Aestetics. Finally is it worth getting a sound card to play music, or will a decent set of speakers do the job adequately?
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  1. Is everything else likely to bottleneck everything else I'm also very unsure about the power supply!
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