designer handbags under £500
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Bags of value: Investment-worthy designer handbags under £500

12 Aug 2024 | | By Kari Colmans

A great wear-everywhere handbag doesn't have to cost the earth - as these budget-friendly designs prove

All products are chosen independently by our editors. Luxury London may earn commission on items purchased.

From crossbody to clutch, micro to oversized, it’s impossible to resist the allure of a new season handbag. And while it may be tempting to indulge in the day’s biggest trends as you select your latest piece of arm candy, worthy investments are all about playing the long game. And, as these designer handbags under £500 show, that doesn’t have to mean breaking the bank.

You’ll never regret choosing classic shades and shapes from both emerging names and established, well-known brands. Key players include Clio Peppiatt, Anya Hindmarch, Jacquemus, Isabel Marant, Dragon Diffusion, Staud and Loeffler Randall. Whether you’re heading to sunny Croatian shores with Loewe’s summer-ready raffia tote or sparkling at a night out in the capital in Cult Gaia’s crystal-embellished shoulder bag, there’s something for everyone.

Cassie Smart, former head of womenswear at Matches Fashion, advises investing in a more understated, subtle design that “doesn’t feel trend-driven” so you can wear it season after season. “Versatility and longevity are key when picking out an investment handbag,” she says. “Demellier’s Tokyo and Vancouver, Hereu’s large leather tote, and A.P.C’s iconic Half Moon crossbody are all such great investment pieces that will never go out of style.”

Saint Laurent Uptown leather pouch

Timeless, trans-seasonal, and utterly transformative when paired with pretty much any outfit, this Saint Laurent leather pouch comes in a multitude of classic colours, such as cream, black and tan, and in a range of textures from smooth and supple to croc-effect. Slip it in your tote by day and whip it out for a night on the town.

£460
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Loewe basket bag

Whether you’re holidaying in Cannes or Cornwall, this classic beach basket from Loewe is a true summer icon and an international bestseller. Hand-woven from natural palm leaves and emblazoned with the brand’s distinctive logo, this compact design will be ideal for market shopping, city strolls and trips to the beach for years to come.

£395
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Anya Hindmarch Maud clutch bag

Much-loved by the late Princess Diana, Hindmarch’s classic Maud clutch is as elegant today as it was decades ago. A timeless piece that work for weddings and black-tie functions alike, this smooth recycled satin version is lined in suede and topped with a gilded tassel-shaped clasp. It’s the perfect size for all your essentials, too.

£450
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Cult Gaia Hera Nano shoulder bag

Cult Gaia considers its designs to be affordable works of art that you get to carry with you all day. The slouchy silhouette of this unique design is achieved thanks to a fluid satin construction, covered with countless light-reflecting crystals, and knotted at the top. Heads will turn.

£355
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Clio Peppiatt pearl-embellished shoulder bag

Hand-embellished with pearl and crystal beads, Clio Peppiatt’s party-ready piece is testament to the idea that great craftmanship will never go out of style. The shimmering pearls bring a touch of sparkle to wedding guest looks but would look equally chic teamed with a blazer, jean, and plain white tee combo.

£395
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Marni raffia crossbody bag

Neutral and easy to wear, this raffia crossbody will see you through spring, summer, and every winter sun holiday year in, year out. Match it day or night with a floral dress and slides or white jeans and a slouchy shirt for a high-impact low-maintenance look.

£450
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Demellier Vancouver crossbody bag

Sleek, streamlined, and timeless, this Demellier design is based on the shape of an arrow. Paired with a suit for work or jeans at weekends, this grown-up bag in deep tan with smart gold hardware certainly means business.

£385
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A.P.C. Half Moon leather bag

Follow designer Jean Touitou’s lead and take a less-is-more approach to your crossbody bag investment. Made from smooth leather with an adjustable strap and subtle stamped logo, this piece is versatile, wearable, and elegant. What’s more, it will stand the test of time.

£345
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Read more: The best tote bags to carry everywhere