Dont touch the ones from supermarkets or toys r us, tbh even the halfords bikes are mostly rubbish. If you have a decent independent shop (action bikes for example) you should be able to get something decent for your lad that wont break the bank
we bought our twin boys bikes at Tesco, in the sale, £50 instead of £100 and they are superb! absolutely fantastic! better than the one my friend spent £250 on for her son!
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Proper new bikes start at around £200.