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 mystery buyer of Katie Price’s Mucky Mansion faces an uncertain future as they are at risk of losing the property within the next seven days. This comes just a week after the former glamour model’s house was placed on the market. The reality star, now 46 years old, was issued an eviction notice back in May as part of her ongoing bankruptcy battle. The home was repossessed due to her inability to meet payments for the two mortgages on the luxurious property.The Mucky Mansion was recently listed for sale at £1.5 million, with estate agents H.J Burt managing the sale process. Surprisingly, a bid matching the full asking price has already been made. However, other interested buyers have been informed that they still have a chance to submit an offer before the exchange of contracts or within the next seven days, whichever comes first.It’s important to note that Katie Price will not be receiving any proceeds from the sale of the property, as the entire amount will be used to settle the outstanding debts she accumulated in connection with the Sussex home. The mansion sits on 12 acres of land, but potential buyers have been cautioned about existing issues on the premises. Fly tippers have unlawfully dumped rubble on the grounds, causing a blight on the property.Despite these challenges, the asking price for the Mucky Mansion was considered a bargain and designed to attract potential buyers. The property has great potential to be transformed into an impressive family residence with the right renovations. However, buyers have been advised to exercise caution while exploring the property due to potential hazards.As more updates become available, we will continue to provide you with useful information to keep you informed. Thank you for following us as we strive to bring you the latest and most relevant news and updates.
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Source: New York Post
