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3.5k on a 172 cup, spend abit on mods: suspension, seats, brakes etc and keep the change.
You could buy a 182 but it would take up most, if not all of your budget.
My 182 cup packs in rb is up for £4k on 74k full mot but no tax ( fsh ) decat - ktec supersports exhaust - k&n induction kit, been said in spotted section a lot it sounds great.
Phase 2's and 182's are ultimatley the same (bar the Cup and Trophy)
All the 1*2's equipped with the F4R 2.0l unit are the same pace regardless what some heros on here will have you believe.
They are all the same running costs day to day although the Trophy at some point in its life will require damper refurb at some point (roughly) within the first 65k
I'd get a minty mint ph2 172, stick some coilies on it, you have a choice of wheels or leave them STD, splitter, mild engine work ie remap exhaust etc and enjoy.
i had a 172 and 182 and much of a muchness, probs would veer towards a 182 purely on looks and being newer, too many tatty 172s about but still some good 182s owned by family / granny / church types.