Any potential advice?

[Ismail Akbar]

I have been blessed with a unique situation where someone in my family has given me the chance to inherit a property under the circumstances I repair it's damages myself (costs around £10k-20k) it is a 1 bedroom flat in west London and I've been looking to save for the repairs by working this year until march. Being 18 I would like to start young and would request any advice that can be given on this matter in terms of what to do (am I going about it correctly). Thank you.

[David Sisson]

So, if you can get a flat for free in London, that only requires 10-20K, then DO IT!!

I don't know your skill or experience level with fixing things. I don't know what this property needs. 

I'd say, don't spend any $ to fix it until you own it. 

then, once you own it, 

1) Live in it. 

2) Hire someone to fix the stuff that's broken

3) Fix anything that you can fix yourself

4) house hack it if you can, otherwise you have a REALLY cheap place to live

If you don't have the $ to fix it yourself, you need to get some sort of loan to fix it. This should be easy once you OWN IT, because you can get a 10-20K loan against the equity of the apartment. Your monthly cost for the loan is VERY cheap, so don't worry about that. 

I don't live in London, but my BIL does. Units are SO expensive there, that 10-20 is a huge bargain to get one for essentially free. 

Because you are 18, if this sounds complicated, feel free to reach out. I'm a bunch older than you, but I wish I'd done this at your age.