I recently called Motorola's new Moto G4 an "unbeatable Android bargain", and already Motorola is trying to outdo itself with an even cheaper phone -- the new Moto E3 .

The E3 will sell in the UK for only £99, making it about £70 cheaper than the G4. US and Australian pricing and availability isn't yet known, but that £99 price converts to roughly $130 and AU$175. We'll update this article with more pricing information when it's available.

So it's extremely cheap, but it doesn't appear to have made the sacrifices we often see in the budget end of the market. It has a 5-inch, 720p display, a quad-core processor, an 8-megapixel rear camera and a 5-megapixel camera on the front.

The E3 runs the recent Android Marshmallow and has a microSD card slot to expand its storage, though Motorola hasn't said how much it has built in. Best of all though is that it's water-resistant like the G4. You can't submerge it in water, but it will happily put up with a spilled drink or two.

I'm yet to see the phone in the flesh, so I'll reserve my final judgement on this cut-down handset for the full review.