I don't want to come across as negative but I think those who say your travels need some sort of purpose do have a point, in my opinion.
And I think that because travelling round the world is incredibly easy. If you've worked hard in an adult job it may well turn out as not particularly challenging.
I've only done two big trips, one driving home from the Middle East and 1 to Cape Town, both of which had clearly defined purposes and both lasted quite a few months. Endlessly driving around looking at things with no purpose might not have seemed so worthwhile to me, without a clearly defined aim.
500 quid isn't enough in my opinion. Its only 16 quid a day and whilst you may have several very cheap days in a week, petrol/repairs/visas/ferrys/entry fees/  very quickly add up
But rent the house out and go somewhere. Yes absolutely. Definately. 100%
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