Katie Price’s Mucky Mansion price dramatically slashed after £1.5m sale falls through

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The asking price for Katie Price's Mucky Mansion has been significantly reduced in an effort to attract a new buyer. Originally hitting the market at £1.5 million, it appeared that the glamour model's notorious home had found a buyer, but the deal collapsed prompting a massive £150k price drop to entice potential homeowners.This follows earlier reports of an intense bidding war over the Sussex property.

Katie, aged 46, resided in the nine-bedroom estate for many years until she was ousted for mortgage defaults.The expansive home, nestled within 12 acres of property, became quite the television spectacle, featuring in its own program with the celebrity.

She acquired the home from the former Conservative MP Francis Maude back in 2014. Any proceeds from a prospective sale are anticipated to go towards settling the debts accumulated by the model against the property.

Reports indicate Katie owes as much as £750,000 in taxes and is facing bankruptcy for the second time, A newly revised listing highlights the drastic reduction in price.

Read more on ok.co.uk
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