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Katie Price finally sells her Mucky Mansion for £1.5m after eviction amid bankruptcy – but she won’t get a penny from it
The cash will be swallowed up by the debts she ran up against the home in Sussex
KATIE Price's Mucky Mansion has been snapped up just a week after being placed on the market, The Sun can reveal.
The home was repossessed after she failed to meet payments for two mortgages on the sprawling pad.
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It was put up for sale earlier this month for £1.5m and estate agents handling the sale have revealed that a full asking price bid has been received.
But Katie, 46, won't see a penny of the proceeds as the cash will be swallowed up by the debts she ran up against the Sussex home.
Estate agents told prospective buyers: "Anyone wishing to place an offer on the property should contact H J Burt & Son before exchange of contracts or within the next seven days, whichever is sooner."
The house comes with 12 acres of land and buyers were warned that the property has been blighted after fly tippers illegally dumped rubble in the grounds.
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A source told The Sun: "Despite all the problems with the place, the asking price was a steal and priced to sell.
"Katie won't be benefiting, however, as all the proceeds will go to pay off the mortgages she had leveraged on the place."
Buyers had been been advised to take care on the property.
A brochure told potential purchasers not to fall into Katie's empty pool and also warned the land could be contaminated by waste.
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An online advert said the pad could be flipped into an "impressive family house" after refurbishment.
Making no mention of its famous former owner, the ad described the property as: "A substantial detached family home including three reception rooms, nine bedrooms and four bath/shower rooms spread over three floors plus a one-bedroom annexe."
Katie Price blew £10,000 in a month on takeaways and clothes — after being declared bankrupt
It continued: ";Offering the opportunity for refurbishment to potentially create an impressive family house with mature grounds including potential reinstatement of the tennis court and swimming pool and enhancements of the paddock and land."
Katie - once worth £45million - moved into the mansion ten years ago.
But the pad fell into disrepair as her chaotic personal life and finances spiralled out of control.
In 2022, her attempts to renovate the home featured in Channel 4's Katie Price: Mucky Mansion.
Katie Price - FOUR recent court battles
KATIE Price has had her fair share of brushes with the law. Here we detail four of those:
- December 2021: Katie avoided jail for flipping her BMW in a smash in Horsham, while under the influence of drink and drugs. She was instead handed a 16-week prison sentence suspended for a year, 100 hours community service and ordered to attend 20 rehab sessions.
- The cash-strapped mum-of-five was first declared bankrupt in 2019 in a bankruptcy court, over unpaid debts of £3.2 million
- Katie was declared bankrupt by a bankruptcy court for a second time in March over an unpaid tax bill of £761,994.05
- May 2024: Katie was served an eviction notice by the courts relating to her Mucky Mansion home following her second bankruptcy.
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