Apartment Dweller's Paradise - The Ideal 2 ch. system?

Or if I am to move into VERY small efficiency (renting an apartment or buying a condo)(about 500 Sq. Ft. or less), and would still would like to have excellent sound, then I can also put together this nice little system for VERY little money.

Speaker System:  ELAC UB5 — $500.00 or Wharfedale Reva-2 — $1000.00*
Speaker Stands:  Sanus Steel Foundations SF26B (Sand/Lead Filled) — $130.00
Powered Subwoofer:  Speedwoofer 10S RS Wireless — $400.00
Integrated Amplifier:  NAD C-338 — $650.00
Headphones:  Sennheiser HD-650 — $500.00
Turntable:  Pro-Ject Debut Carbon Esprit (in Black) — $600.00
Phono Cartridge:  Ortofon 2M Blue — $250.00
Digital Music Player:  BlueSound NODE 2 — $500.00
Speaker Cables:  AudioQuest GBC — $150.00
Interconnects:  AudioQuest Red River (2 Prs. @ $120.00 each) — $240.00
Digital Cable:  AudioQuest Pearl (Coaxial) — $40.00**
Tablet:  Apple iPad Mini 4 (128 GB)(Additional Music Source) — $400.00
Smart Phone:  iPhone 6S (2015)(64 GB)(w/NAD & Speedwoofer Apps) — Free
Stand:  SolidSteel S5-5 — $1,500.00

System Total:  $5,860.00 w/ELAC UB5 Speaker System
System Total:  $6,360.00 w/Wharfedale Reva-2 Speaker System

* = Wharfedale Reva-2 has a Piano Cherry or Rosewood Finish I find to be intoxicating and that I “MUST” have

** = Price of AudioQuest Pearl Coaxial Digital Cable is approximate

—Charles—

And if space is really at a premium: ATC on wall speakers: http://atcloudspeakers.co.uk/hi-fi/loudspeakers/hts-on-wall/hts7/

I would get the small harbeths and a Croft amp or used red wine as suggested. On a smaller budget perhaps powered speakers like Adam pros with a good dac streamer like bluesound or oppo. 

Ideal system for a SMALL space is a headphone system ,
With a little careful buying you can get as good, or better, than the average
10K$ system for a thousand bucks .
And 95% of the population can adjust to "phones. After 3-4 weeks they seem normal .

" Ideal system for a SMALL space is a headphone system ,
With a little careful buying you can get as good, or better, than the average
10K$ system for a thousand bucks .
And 95% of the population can adjust to "phones. After 3-4 weeks they seem normal ."

Great Point "Schubert"

Well, I have a very nice Headphone System in mind as well. And this will be a home and mobile system.

Headphones (1): Focal Clear (Home) -- $2,000.00
Headphones (2): Sennheiser HD-600 (Mobile) -- $300.00
Headphone Amplifier/DAC/DSD: McIntosh MHA-100 -- $2,500.00 (Used)
Phono Preamplifier: PS Audio GCPH -- $500.00 (Used)
Turntable/Arm System: VPI Industries Scout/JMW Memorial Arm -- $2,000.00
Phono Cartridge: Sumiko BPS EVO III -- $550.00
Digital Music Player (Home): BlueSound Vault 2 -- $1,200.00
Digital Music Player (Mobile): Sony NW-WM1A -- $1,200.00

System Total: $10,250.00 + XLR Cables (Home & Mobile System)

--Charles--