THE mystery buyer of Katie Price’s Mucky Mansion faces losing the property “within the next seven days”.
The former glamour model’s house has been snapped up just a week after being placed on the market.
The reality star, 46, was slapped with an eviction notice in May amid her bankruptcy battle.
And the home was repossessed after she failed to meet payments for two mortgages on the sprawling pad.
Price’s Mucky Mansion was then put up for sale earlier this month for £1.5million.
Estate agents H.J Burt handling the sale have revealed that a full asking price bid has been received.
But they told other prospective buyers that they could still place an offer on the house “before exchange of contracts or within the next seven days, whichever is sooner.”
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.
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.
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.
An online advert said the pad could be flipped into an “impressive family house” after refurbishment.
The sale of Katie Price’s Mucky Mansion has taken an interesting turn as the mystery buyer faces a tight deadline to secure the property. With just seven days left before potential ownership changes hands, the former glamour model’s house has garnered significant interest in the real estate market.Despite its troubled past, including eviction notices and repossession due to missed mortgage payments, the property has managed to attract buyers willing to pay the full asking price of £1.5 million. However, there is still an opportunity for other interested parties to submit offers before the exchange of contracts or within the next week.It is important to note that Katie Price will not receive any proceeds from the sale, as the money will be used to settle the debts associated with the mansion. The sprawling estate, complete with 12 acres of land, has been plagued by issues such as illegal rubbish dumping and potential contamination, making it a risky investment for some.Potential buyers have been cautioned to proceed with caution when considering the purchase of the property. The dilapidated state of the mansion, including an empty pool and potential waste contamination, poses challenges that will require significant investment in repairs and renovations.Despite the drawbacks, the allure of transforming the Mucky Mansion into an impressive family home has not been lost on buyers. The opportunity to breathe new life into the estate and create a stunning residence is a tantalizing prospect for those with the vision and resources to undertake such a project.As the deadline approaches, the fate of Katie Price’s former home hangs in the balance. Stay tuned for updates on this intriguing real estate saga, and follow us for more informative content to keep you informed on the latest developments in the world of property.
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Source: USA Today
