Is this build good for my first PC?

I like to move from Console (PS5) to PC gaming.

The below PC is for sale at £600 in my area. Would this be a good start in PC gaming and moving away from the PS5?

I understand some upgrades will be needed in the future but for thus price, is it okay?

Core Specs:

GPU: MSI RTX 3080 10 GB (LHR)

CPU: Intel i7‑10700K → 8 cores / 16 threads

RAM: 16 GB

Storage: 1TB SSD + 500GB HDD

PSU: 850 W EVGA

Motherboard: B460