Drilling with a brace and bit or a hand held electric/battery drill is rarely very accurate and I would have thought that a cheapo bench drill press was really better than struggling freehand on a bit of repetition drilling.
Unless of course you really need to drill to engineering standards.
You can either buy a sooper dooper drill or similar,and blow a reasonable budget or just get the best you can to make the harder jobs a bit easier and more fun in the workshop.
It may be an idea for you get the cheapo morticer that is also a drill, save space and expense.
I've got an old APT morticer, bought it when they were just in the original shop, by the car park.
I got 3 chisels with it, saves all that bashing and walloping, makes life easier,the dog is happy as i'm less inclined to kick
it up the jacksie when it chews up my pencils!
Regards Rodders