Thinking a chronograph
Although £1200 is a load of cash, anything you buy in that price range is going to plummet in terms of value, as soon as you buy it. I would keep saving and try and get close to £3000, for that kind of money you can get something really special, like an Omega moonwatch, or a Tudor, these will hold their value, and you can get your money back in the future, should you need the funds. Just my opinion though.