I bought my touring bike (Jamis Aurora) in 2014 which was very good value at £660 and I also think of tourers as good vfm because they are good "do-it-all" bikes too - if you can only have one bike but need it to do everything, get a tourer. My Jamis has changed a bit since then (saddle, bars, pedals, racks, front brakes, mudguards, gearing & hub dynamo lighting/USB charging); it didn't need to change but it is a better bike for it. Back then, there was a lot more choice at the lower end of the touring bike range with many brands offering something but that is no longer the case - for example, Jamis no longer do touring bikes.
I don't really look at new bikes except occasionally drooling over new touring bikes, usually from Spa - and I consider their touring bikes to be very good vfm. Currently, about £1200 would get you one of them so that's what I voted.
I suppose that a decent hybrid (I'm not keen on that term) could be got for £750 and arguably it would be a good all-rounder and very good vfm but I'm not really up to speed with what's available and for what price. I have had the odd glance though and I do recall thinking that a lot of what is on offer doesn't quite hit the mark for me, such as frame quality/material, cheap front suspension/disc brakes, gearing ratios etc. I do reckon that a manufacturer could do a decent no-frills rigid steel-framed, V-braked "hybrid" for about £750 but suspect that it would not be commercially viable on account of no front suspension or disc brakes.