Katie Price"s £1.5m Mucky Mansion sale collapses after eviction
- Katie Price's buyer for the Mucky Mansion has backed out of a £1.5 million sale after her eviction due to bankruptcy.
- The property is now back on the market, with potential contamination issues disclosed by the estate agent.
- Extensive repairs are needed to restore the mansion's value, highlighting the challenges Price faces in her financial recovery.
Katie Price, a reality star, faced a significant setback as a buyer for her notorious property withdrew from a £1.5 million sale. This occurred after she was evicted from the mansion in June due to bankruptcy and mortgage non-payment. The property, known as the 'Mucky Mansion,' is now back on the market, but its listing reveals potential contamination issues stemming from waste material deposited on the land, which has raised concerns among prospective buyers. The estate agent H.J Burt has highlighted that the southern part of the property has been subject to unauthorized development, prompting an Enforcement Enquiry by Horsham District Council in 2019. An investigation report indicates a low to moderate risk from materials on site, which could deter buyers looking for a safe investment. The mansion, built in the 1930s, spans 12.28 acres and requires extensive repairs to restore it to a livable condition. Sources indicate that the property will need considerable renovations before it can reach its true market value, as it has been significantly damaged. Katie Price originally purchased the mansion for £1.35 million in 2014, but her financial situation has drastically changed, with debts amounting to £75,000 owed to the tax authorities. Despite once having a fortune estimated at £45 million, her financial troubles have led to a private meeting regarding her finances, following a warning from a High Court judge about potential arrest if she fails to comply with legal obligations. The future of the Mucky Mansion remains uncertain as it seeks a buyer willing to invest in its restoration.