Is this the most affordable Apartment in the UK?

We have instructed this Studio Apartment today in Newcastle-under-Lyme, Staffordshire. Is it the most affordable property in the UK? With an auction guide price of just £10,000, it offers excellent value for money!
The accommodation comprises of a Modern Open Plan Living Area with Lounge and Kitchen areas, Shower Room/WC and Mezzanine Bedroom.
Ideal for buy-to-let investors or first time buyers.
To be sold by public auction at Port Vale Football Club, Stoke-on-Trent on Tuesday 23rd May 2017 from 6.30pm.
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