Heartbreak Home! Lisa Marie Presley & Estranged Hubby To Sell Mansion Amid Divorce

“Michael Lockwood left her in a bad way both financially and emotionally and she can’t wait to unload the place!” a source close to the former couple exclusively told The National ENQUIRER.

“Michael ripped her off for millions!” the source spilled. “Now she needs cash fast to get out of the hole he dug for her!”

Another source reported that he was buying expensive gifts for himself, like guitars and electronics, and charging her accounts! “She discovered that he ran up a $109,000 Amex bill when she got sued!” an insider revealed.

Another source reported that he was buying expensive gifts for himself, like guitars and electronics, and charging her accounts! “She discovered that he ran up a $109,000 Amex bill when she got sued!” an insider revealed.

Now, Presley is so desperate for money that she’s willing to slash $4.5 million from the asking price!

The parents to 7-year-old twins Harper and Finley put down $9 million dollars in 2010 for their dream estate — Coes Hall — in the English village of Rotherfield, East Sussex. The couple also spent millions on improvements to the historic hall, according to neighbors. The manor boasts eleven bedrooms, a billiards room, an entertainment complex with cinema and cocktail bar, three swimming pools, a guest cottage and two private apartments.

“She’s taking a big hit in the pocket selling Coes Hall,” said a neighbor. “She spent a fortune on the place. I guess she needs some of that money back now.”

“She said it was their dream home,” he added. “Now it’s Lisa Marie’s very own Heartbreak Hotel.”

Now, Presley is so desperate for money that she’s willing to slash $4.5 million from the asking price!

“Lisa-Marie used to boast she’d found her Shangri-La and she’d never leave,” neighboring farmer Johnny Lewis told The ENQUIRER.

“Now she can’t wait to get out,” said another neighbor. “Too many bad memories.”

“She was very down to earth with a great sense of humor,” said Justin Scales, owner of the local King’s Arms Pub where the couple could frequently be found. “To me they were a devoted and very together couple.”

But others saw some strain between them. “It was obvious who wore the pants in the marriage," said another villager. “Lisa-Marie could be snippy with him in public.”

Just two weeks ago, The ENQUIRER revealed that the strain of their breakup drove Presley to enter rehab for an addiction to alcohol, painkillers and other drugs.