I think you need to do some reading around crop sensors and multipliers.
Watch this video. It explains and demonstrates why you multiply by 1.6 when looking at equivalent focal lengths of lenses.
View: https://youtu.be/f5zN6NVx-hY
If you have a 700D, but want to invest in a lens that will work nicely on full frame at a later date, I would suggest you go for the Canon 50mm f1.4 USM as it's much cheaper than the L f1.2, and much lighter. The 50 1.2 is a beast of a lens and it's probably not worth it at the moment, but the 50 1.4 will work nicely on your 700D and on a full frame camera. Sure it'll be the equivalent view of an 80mm lens, but that's fine once you're used it. It does take a while to get used to using a prime lens.
Alternatively, you could look at the Sigma 35mm f1.4 Art, which is a great lens (some say better than the Canon 35mm L), will cost you about £500ish (s/h probably), this would give you the equivalent view of a 56mm on full frame, so closer.
If you only have kit lenses at the moment, I would get a 50mm prime, either a cheap f1.8 or the 1.4, get used to that, then upgrade your other lenses when you find your current kit lacking.
Until you know what sort of photography you like doing, there's no point investing a lot of money on an expensive lens that you're not going to use. For example if you like night/long exposure photography, a 70-200 f2.8 is not worth having, but a 35mm f1.4 would be worth it for night shots. Likewise if you're into portraits, then a 16-35mm f2.8 isn't going to be the lens for you, but an 85mm f1.8 would be a great start.
Some lenses are very versatile: The 24-70mm f2.8 (on full frame) or the 17-55mm f2.8 IS (on crop sensor) are good all round general lenses. Wide enough aperture to be good in low light and a good zoom range to be used in many situations.
You could, hire a lens for a weekend to see you like it before buying.
As said, it does kinda depend what you're interested in photographing.