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Katie Price’s Mucky Mansion sells for LESS than what she paid for it 10 years ago – despite property prices rocketing
The nine-bed property has already been reduced twice
KATIE Price's infamous Mucky Mansion has finally found a buyer - but it is selling for less than she paid for it.
Property prices have rocketed by more than 70 per cent for the average home over the past 10 years, according to the Office of National Statistics, yet Katie's has lost value.
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The rundown pad, which has nine bedrooms and four bathrooms, has now been snapped up for £1.15million.
Katie, however, paid £1.35million for it back in 2014.
The former glamour model had also previously bragged in interviews that the West Sussex mansion was worth a cool £2million.
A public notice on Rightmove now states: "Mortgagees in possession are now in receipt of an offer for the sum of £1,150,000."
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This is the third time Katie's former Mucky Mansion has gone under offer since it was repossessed.
Two previously agreed sales on the property have fallen through.
Katie will not see a penny of the proceeds if this sale if it does complete, as she no longer owns it.
The mum-of-five was forced out of the dilapidated house in May after failing to meet payments on two mortgages.
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Katie was served an eviction notice following her second bankruptcy.
As a result, any money made against the house will be swallowed up by the debts she ran up against it while living there.
Moment Katie Price’s £2m Mucky Mansion is surrounded by bailiffs as she’s evicted today in bankruptcy battle
But rather than be upset, Katie claimed she was delighted to finally be out of the sprawling home.
"I absolutely have hated my mansion," she said during her The Katie Price Show podcast tour earlier this year.
"I tell you why, nine years of hell I've had there. Fly-tipping, it's haunted… And I am living with it.
"Whoever buys that house, good luck! I hate it."
Katie - once worth £45million - moved into the mansion ten years ago.
But the property quickly fell into disrepair as her chaotic personal life and finances spiralled out of control.
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.
In 2022, the star's attempts to renovate the home featured in Channel 4's Katie Price: Mucky Mansion.
The show was eventually axed after two series', shortly before Katie was ordered to move out of the house via an eviction order.
After the bank took possession, the Mucky Mansion - which sits in 12 acres of land - was put up for sale with a price tag of £1.5million.
However, the asking price was later slashed in a bid to get it sold. The price was cut for a second time in October.
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Meanwhile, Katie is currently trying to rebuild her fortune following her bankruptcies.
Last month, the star listed an old pair of shabby designer sandals on secondhand selling site Depop for £100.
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