I have a basic Oregon Scientific with one outside temp/humidity sensor.
It's useful for monitoring the outside temperature, but to be honest either the Met Office app or the local BBC forecast are more useful, and about as accurate as you'll need for practical purposes.
If you're going to have a weather station, its value depends entirely on where you mount the sensors. My sensor is on the Northern side of the building, away from direct sunlight, and sheltered from winds. As a result,it gives a slightly pessimistic temperature reading, but that's not necessarily a bad thing.
If you mount the temperature sensor where it will be exposed to sun or wind you're not going to get any meaningful or reliable results from it.