Purchasing a watch these days can seem a prohibitively pricey feat, but don't be fooled. With an increasing number of watchmakers proving that a lower price point doesn't mean skimping on quality or style, there are plenty of premium men's watches for under £500 that are begging to be added to your collection.

To help you on your quest for the ultimate wallet-friendly timepiece, we've picked out five of our favourites. We've got all tastes and occasions covered — from sophisticated dress watches for formal events, to sturdy waterproof sports watches that you'll want to reach for when the mercury rises. Explore the edit below and shop the entire watch collection at OPUMO.

Instrmnt Applied Design Everyday Watch

Glaswegian design studio Instrmnt Applied Design (I-AD) follows a 'less is more' philosophy, shifting focus from extraneous aesthetic details to the high-quality components and materials of each watch. Taking inspiration from the simple and utilitarian industrial design of the mid-20th century, I-AD's original style features an ultra-versatile minimalist aesthetic that – as its name suggests – will slot effortlessly into your everyday wardrobe. The Quartz-powered watch is guaranteed to stand the test of time, with sturdy stainless steel casing and Swiss Ronda 585 3H movement.

VOID Watches V02MKII-SI/MR Watch

Adhering to Scandinavian design principles of functionality and minimalist style, VOID watches is responsible for producing some of the most innovative contemporary men's watches for under £500 today. This super sleek wristwatch is proof of the label's clever design approach. Unlike most other watches, it features three compass needle hands that act in a similar way to traditional minute, hour and second hands. Telling the time requires matching the colour of the hands with the digit of the same colour on the dial. Minimalist yet statement-making, it's a surefire conversation-starter.

BALTIC Bicompax 002 Watch

It’s been a relatively short, albeit extremely successful, journey so far for French watch label BALTIC, but one that has earned it glowing reviews for its neo-vintage watches. Each one of BALTIC’s designs can be considered a masterpiece of intricate design, drawing on the finest 1940s aesthetics and well-proportioned cases. The sleek and understated Bicompax 002 is driven by a ST19 column wheel movement and defined by its elegantly slim profile and art deco dial design. The elegant vintage look makes it an ideal dress watch, perfect for pairing with smart tailoring.

Timex Q Timex Reissue 38mm Stainless Steel Bracelet Watch

Iconic American watchmakers Timex have been crafting premium timepieces since the 1800s, and they continue to go from strength to strength. Their designs are simple, sturdy and – best of all – affordable. Case in point: this reissued Q Timex, a fresh interpretation of a much-loved '70s icon. Water resistant up to 50 metres with a hard-wearing woven stainless steel bracelet and Quartz Analog movement, it's designed to complement an active modern lifestyle. Choose from a range of easy-to-wear colours to best suit your personal style.

Braun BN0211 Classic Slim Watch

German label Braun never fails to impress with its slick and stylish watches and clocks. Its aptly-named Classic Slim watch is exactly that – classic in style and featuring Braun’s slimmest case yet. Boasting a Bauhaus-inspired look with a streamlined profile, it's perfectly pared back, made for telling the time simply and cleanly. For a fuss-free timepiece that you'll wear for years to come, you simply can't go wrong.

Want more? Shop the latest watch releases at OPUMO.