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Sort of ache a nuisance but the least costly! (8)

Ross

I believe the answer is:

cheapest

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'the least costly' is the definition.
I can't tell whether this defines the answer.

'sort of ache a nuisance' is the wordplay.
'sort of' indicates anagramming the letters.
'a nuisance' becomes 'pest' (I've seen this before).
'ache' is an anagram of 'chea'.
'chea'+'pest'='CHEAPEST'

'but' acts as a link.

Can you help me to learn more?

(Other definitions for cheapest that I've seen before include "Set peach in least expensive category" , "Most inferior" , "Lowest in price" , "Most cut-price" , "The space (anag.)" .)

I've seen this clue in the Sydney Morning Herald.
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