So after much consideration I have finally picked all my parts, purchased them all and they are on their way from amazon.
What I have finally decided to do is upgrade my current system with the intention of upgrading the CPU around September time.
My parts are:
CPU: AMD FX 6350
CPU Cooler: Corsair H100i
Mobo: Asus Crosshair V Formula-Z
Ram: 2x4GB Corsair Vengeance Pro (Red)
GPU: MSI R9 290 Gaming
SSD: 120GB Crucial M500
64GB Crucial M4
HDD: 2TB Seagate Barracuda
PSU: 620W Seasonic S12II
5.25": Lite On ihas124-04
Case: Fractal Design R4 Black Windowed
I cannot wait to get building, and will be sure to update this thread with photos during the build process