I'm not an AV expert but do I know Yamaha is good gear and this could be an easy solution into decent home cinema. Is it possible to buy separates that make a better system for this price? That I don't know, maybe the experts out there will advise.
Pairing the YHT1810 AV Receiver & 5.1 Speaker Package with the BDS477 Blu-Ray Player, both from Yamaha, for a well-matched, straight out of the box, home cinema experience. 1 x Yamaha YHT1810 AV Receiver and 5.1 Speaker Package The Yamaha YHT1810 AV receiver and 5.1 speaker package brings you excellent home cinema audio. Ready for the latest video and audio formats, it's a powerful and easy to set up system. The HTR2067 receiver can pass through 3D and 4K signals, decode Dolby Digital and DTS soundtracks. It also has FM and AM reception. The NSB20 speaker system features a powerful subwoofer and discreet, great sounding speakers. Teamed together, the components work together to deliver great sound for your home cinema system. 1 x Yamaha BDS477 Networked Blu-Ray/DVD Player The Yamaha BDS477 is a Blu-ray DVD player featuring networking capabilities, providing access to networked media, internet video and other online services. The BDS477 can connect to your home network through a wired ethernet connection or wirelessly, so you can download BD-Live content such as games, deleted scenes or trailers for compatible discs and also watch streaming video - such as iPlayer, YouTube etc. An iPhone/Android control app is available, for easy control. Miracast compatibility lets you enjoy a variety of media from smartphones and tablets. With Dolby TrueHD and DTS-HD support, the BDS477 delivers superior quality audio, while the 1080p/24Hz HDMI video output and the x.v.Colour and Deep Colour compatibility ensures outstanding video quality to match. The Yamaha BDS477 is a feature rich Blu-ray player, delivering high quality audio and video, ideal for an entry level home cinema system. - See more at: http://www.superfi.co.uk/p-15367-yamaha-bdpk1810-av-receiver-blu-ray-player-and-51-speaker-package.aspx#sthash.ne9Ez6Kf.dpuf