That is the right order, yes.
If you're competant, you'd come out of that with just over 200 hours, depending on whether you do approved courses or not.
In order to gain hours most instruct, drop skydivers, fly air taxi (dying breed for low hours pilots under JAR AOC), tow gliders etc.
Unless you've got deep pockets, this is the way to go, but some get lucky and get a turbo/jet job with just a low hrs frozen ATPL........