New blow for Katie Price as Mucky Mansion sale ‘falls through’ amid bankruptcy woes
KATIE Price’s Mucky Mansion sale has ‘fallen through’ amid her bankruptcy woes.
The Sun exclusively revealed that the Sussex property was snapped up just a week after being placed on the market last month.
The Mucky Mansion’s asking price was £1.5m, and the estate agents handling the sale confirmed that the full asking price bid has been received.
However according to MailOnline, the nine bedroom property, which comes with 12 acres of land, is back on the market.
The Sun have contacted Katie’s rep for comment.
The burden of selling the property doesn’t fall on Katie as it was taken by creditors as part of her bankruptcy.
After it was snapped up, a source told The Sun back in August: “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.”
Katie moved into the mansion back in 2014, but over the years the Mucky Mansion fell into disrepair.
Back in 2022 the star renovated the space as part of Channel 4‘s Katie Price: Mucky Mansion.
The home was repossessed after she failed to meet payments for two mortgages on the sprawling pad.
Katie was declared bankrupt for the second time earlier this year over a £760,000 unpaid tax bill.
She was first declared bankrupt in 2019 after owing creditors £3.2m.
Katie’s home was repossessed and has been ordered to pay out 40 per cent of her earnings to creditors.
The star failed to attend her High Court bankruptcy hearing last month because she was in Turkey having a face lift.
She was arrested at Heathrow airport when she arrived in the UK.
Katie Price's missing millions
At the peak of her career Katie had an estimated fortune of £45m, thanks to her lucrative modelling career, book deals, and TV appearances.
The cash-strapped mum-of-five was first declared bankrupt in 2019 over unpaid debts of £3.2 million.
In a podcast interview earlier this year, she blamed her exes who include Peter Andre, Alex Reid and Kieran Hayler and lawyers for her money woes.
She insisted that funding her exes’ lavish lifestyles with cars, watches, luxury holidays and homes left her finances in tatters.
She added: “I went through a breakdown, this is how mine started – lawyers and exes, that is my bankruptcy thing.
“And obviously a bit of HMRC.
“When I had my breakdown, if anyone has been depressed… I don’t know if you’ve ever had depression.
“It starts with depression and you just want to sleep all day and not talk to anyone, the phone would ring and you wouldn’t answer it.’
In March, Katie was declared bankrupt for a second time over an unpaid tax bill of £761,994.05.
The demand for payment was made by HMRC last October.
Katie was due to give evidence about her finances at the High Court but failed to turn up – holidaying in Cyprus with her new man JJ Slater instead.
Her Mucky Mansion was a bomb site for years after it was burgled, flooded and swamped by an overflowing septic tank.
She finally moved out at the end of May and is renting a four-bed mansion in Sussex.