That's not the most ideal machine for editing; it doesn't have the fastest processor and it only has an integrated GPU, which I do not recommend for editing and graphics, and certainly not for dealing with 4K material. You're going to want a dedicated graphics card if you can get it.
You're also paying for a touch screen here, so I would trade that for higher specs.
Also, do not underestimate how much storage and processing power 4K requires. If you don't need to be working in 4K I don't reccomend that you do. It has 4x as many pixels as HD, not twice as many, and it requires significantly more processing power, especially if you're working with a highly compressed format. Proxies are great, but they take up storage, so 512 GB might not be enough storage for all of your files. You always have to consider your tradeoffs. Highly compressed formats take up much less space, but they require a lot more processing power to decode vs intermediate formats which are much easier to edit, but take up more storage.
Something else to consider is that Intel has a technology in its processors called Quick Sync which makes encoding and decoding H.264 significantly faster when the new "Hardware Encoding" feature is enabled in Premiere or AME: https://helpx.adobe.com/x-productkb/multi/gpu-acceleration-and-hardware-encoding.html#Hardwareaccele...
This feature is only supported by Intel processors with QuickSync, not AMD ones.
So that, coupled with the strong recommendation for a dedicated GPU, and the question of whether you really "need" 4K means you might have to make some tradeoffs in your expectations, whether those are regarding price or performance,
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