Is Katie Price moving house again?

Would you buy Katie Price's £2 million mansion


Katie Price's house

New reports have claimed that Katie Price is selling her £2 million West Sussex mansion, which she shared with her husband Kieran Hayler. The Sun newspaper made the claim, saying that she was in advanced talks to sell the six-bedroom property privately.

So it is a good investment?

The tabloids have been keen to point out that that the property was the scene of infidelity when her husband slept with her best friend, and Price is keen to move on. The Mirror quoted a friend as saying that as Price was about to have a child, she wanted it to be brought up in a house with happier memories.

However, those with longer memories will recall that she was spotted house-hunting in Hampshire with her husband back in April before the scandal broke. They will also remember that last time she moved home in 2010 a friend sold a similar tale to the papers - claiming Price had been afraid her former house itself was romantically jinxed.

Price herself has pointed out that as a child she moved 13 times, so moving on four years after buying the property is a fairly long time for her to stay in one place.

So while we digest the pinch of salt required for stories of this nature, it's worth considering whether Price's home would make a decent investment.

Is it a good investment?

The property is very private, it is set in 53 acres, and comes with its own stables, indoor riding arena, and paddocks.

Back in 2012 Price released a tour of the house. It features her trademark style including a 'silver' room with an enormous picture of herself on the wall. She admitted she likes 'showy' interior design, but revealed that her home wasn't dominated by pink.

She has a massive cinema room, a huge state-of-the-art kitchen with its own TV area, and her kids' rooms are themed, with a frog room for Harvey, a football room for Junior and a princess-themed room for Princess.

Any buyer will need to either like her striking 'showy' style, or invest in toning it down, but the property could still be a worthwhile investment.

She has not put the property on the open market, so although we know she paid £2 million for it in 2010, we can only estimate its selling price. On average prices in the area have risen almost 10% since she first bought it, and with the attractions of a celebrity former owner, it's a reasonable assumption that she will get more than £2.2 million for it now.

Assuming the owner is prepared to hold it for a few years, the experts say that current trends are for phenomenal growth in this part of the market. With prime central London prices seeming to slow, buyers are looking to move out of the capital, pushing prices up in the suburbs in a ripple effect. West Sussex is close enough to the capital to benefit, and the house is exclusive enough to attract buyers in this bracket.

So if the buyer is lucky, they could be buying into a market at exactly the right time. Of course, there are no guarantees of luck, and no-one can really know what is going to happen in something as unpredictable as the housing market.

But what do you think? Would you want to invest in it?

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