Thursday, September 19, 2024

Double bankrupt Katie Price paying eye-watering five figure sum a month for home

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KATIE Price is paying an eye-watering sum to rent a new four-bed home in Sussex after being evicted from her Mucky Mansion.

She left the home on Tuesday after 10 years following her second bankruptcy in March.

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Katie Price has moved into a huge new homeCredit: instagram/@katieprice
Katie is renting the new new build home in Sussex worth over a million

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Katie is renting the new new build home in Sussex worth over a millionCredit: Doug Seeburg
The new pad features a grand hallway and staircase

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The new pad features a grand hallway and staircaseCredit: Rightmove
The kitchen is sprawling and boasts an island

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The kitchen is sprawling and boasts an islandCredit: Rightmove

Katie has found a brand new property and has promised to pay nearly £5000 per month to live in the stunning mansion.

Katie and her five kids – Harvey, Junior, Princess, Jett, and Bunny – will certainly be happy in the new four-bed home.

After seeing pictures of Katie’s new Tudor-style pad, one baffled person asked on Facebook: “Double bankrupt. Where did the money come from?”

Another fumed: “For someone who is bankrupt how can she afford it?”

A third reacted: “How can she afford that proprty if she’s bankrupt!”

Over the weekend Katie confirmed that she was leaving her Mucky Mansion behind her as bailiffs prepared to turf her out.

At a live show of The Katie Price Podcast in London on Friday night, she told the audience: “No I am still in my mansion! And guess what? I absolutely have hated my mansion.

“I tell you why, nine years of hell I’ve had there.

“Fly-tipping, it’s haunted… and I am living with it. And whoever buys that house, good luck! I hate it.”

Katie purchased the property in Horsham, West Sussex, in 2014, but over the years faced numerous issues.

Her pool became moldy and her children would wake up screaming after telling her they’d seen ghosts.

She attempted to transform the house into her dream home by renovating it on Channel 4’s Mucky Mansion and she had hoped to use her loft space as a photography studio for fellow models.

But Katie was eventually served an eviction notice after her second bankruptcy declaration in March after it was revealed she owed £762,000 to HMRC.

She was first declared bankrupt in 2019 over unpaid debts of £3.2 million.

Katie Price’s missing millions

At the peak of her career she 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 AndreAlex 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.’

Katie was declared bankrupt for a second time in March 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.

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.

The bathroom is a modern wet room

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The bathroom is a modern wet roomCredit: Rightmove
The new place also features an impressive-sized garden

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The new place also features an impressive-sized gardenCredit: Rightmove

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