Wow what a bargain. Sounds like a quick spit and polish and a bit of wd40 and you're away. Well done, I'm very jealous .
EDIT. Just looked again and recognised the username, I've had some pedals from them in the past. A quick look down their feedback shows they regularly sell bike parts so how can they think this is only worth a tenner?
Missed a zero off maybe?
I collected it today, and it's in damn good condition.
Front mech is seized, headset needs bearings (I think).
I took off all the clutter and just gave it a wash.
With the extras it's well worth a tenner.
The frame is 15" CTC 18" CTT, I can ride it with the seat as pictured but it'll probably fit my GF better, having just built her up a bike around a Merlin (UK) TDB twisted frame, if she likes it she'll have 2 bikes, it makes up for me having many bikes.