They look terrific! I was gifted a pair of sneakers made by RM Williams and they're great, so I'd happily buy from that company. £400ish is pricey, and the top end of what I'd want you spend, but then again I have blown that sum on jeans before...I currently have four pairs of RM Williams chelseas (and have owned more in the past). They are overpriced now, but still the gold standard. The elastic will outlast three soles, but can be replaced at the factory if it does go out.
Edit: In case anyone was interested, these are my sneakers, which are designed to look like William's 1940's sand shoe: https://www.rmwilliams.com/uk/footw...r_fitType=G&genderview=men#lang=en_GB&start=1
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