I think this is the Nordmende Transita F Ch= 0/603 MW LW UKW, as opposed to MW SW UKW. It is a very early AM/FM radio from about 1959, with curved sides the later models had straight sides. I would estimate a value of much more than £10. These have been selling on ebay for between £20 to £145 and red is always a popular colour.
It should clean up very nicely.
It appears that Radio Museum has the schematics.
https://www.radiomuseum.org/r/nordme...nsita_alt.html
Mike