Katie Price is ‘shocked to hear her ‘dirty mansion LOSE £1million in value’ in new documentary after floods and flying tips leave house in disarray
Katie Price was reportedly shocked to learn that her ‘dirty mansion’ has lost £1million in value in a new Channel 4 documentary.
The Sun has said she was ‘in bad shape’ when she heard the news of the house – after purchasing the property from former Cabinet Secretary Francis Maude in 2014 for £2million.
The new show will follow Katie, 43, who tries to fix the house that has been in disarray after several accidents, including a capsized fly, flooding and a fire.
Oh no: Katie Price, 43, was reportedly shocked to learn her scruffy mansion has lost £1million in value in a new Channel 4 documentary
A source told the publication: ‘Katie knew it was in a bad shape, but when she found it’s now worth less than a million – half its original value – while filming the new show, it was a real shock.
“She’s going to do everything she can to restore it to its former glory and make it worth something again. It’s a real disaster for her.’
MailOnline has reached out to Katie’s representatives for comment.
Sad: Katie was reportedly ‘in a bad shape’ when she heard news of the house – after buying the property in 2014 for £2million
Wreckage: In 2020, intruders entered her home and flooded the upstairs, damaging her new kitchen for thousands of pounds
Horrible condition: Ceiling collapsed after thieves poured water from bathroom above
In 2020, intruders entered her home and flooded the upstairs, damaging her new kitchen for thousands of pounds.
The house was also looted last year by thieves, who stole a stack of personal photos.
Katie’s son Jett’s room later went up in flames and was subsequently damaged by the fire.
Trash Everywhere: The House Was Named Mucky Mansion After It Falled into Disrepair
The former glamor model also shared that fly tippers have dumped waste in her yard.
Later in the documentary, the publication states that Katie also admits that she “has hated” living in the house.
It’s not just Katie who has admitted she doesn’t want to spend time there, but also her son Junior (16) and daughter Princess (14) telling them they don’t like spending time there.
House not a home: Katie’s children Princess (14) and Junior (16) say in the documentary that they don’t like to spend time there (pictured with brother Harvey 19)
The news comes after Katie reportedly received a house confiscation order.
She failed to repay a debt of more than £500,000 on the property in West Sussex that she once said was ‘haunted’, The Sun claimed.
A search by the land registry for the property revealed to the newspaper that owner Katie owes money to both Kensington Mortgage Company and attorney Archerfield Partners LLP.
A source told the publication: ‘Katie has failed to repay the money she owes and her mortgage company had no choice but to issue this order.
She was due to appear at a seizure hearing this week, but it will now most likely be moved to a January date.
“This is another low for Katie in what has been a difficult year.”
MailOnline contacted a representative of Katie at the time with a comment.
Difficult: The news comes after Katie reportedly received a house confiscation order, according to The Sun