If you’ve always fantasised about living in a fairytale - your dream could actually now come true.

Whilst you probably can’t suddenly become a prince or a princess, you can live in your very own castle - all you need is £550,000.

Situated near the village of Long Compton in Warwickshire, the Grade II listed property has just one bedroom.

(Savills (Savills)

The secluded little castle is surrounded by trees and was originally used as the gatehouse to the Weston Park Estate.

Now known as Molly’s Lodge, the castle is on the market for £550,000 and comes with a separate mews house on the site, which includes a garage, home office and an annexe with living space, kitchenette, double bedroom and separate bathroom.

As well as one bedroom, the main building includes a dining room, bathroom and sitting room, as well as features such as a spiral staircase and cast iron fireplace.

With its pyramidal roof, turrets and merlons, the building looks like a castle out of a fairytale - albeit a very small one.

It was built in the 1830s by Edward Blore, who famously completed the extension of Buckingham Palace for Queen Victoria.

The castle is reached by a gravel driveway and sits in a 0.61 acre site - the grounds around the building feature lawns, a greenhouse an orchard, a pond, vegetable patches and a chicken run.

(Savills (Savills)

In the nearby village of Long Compton, the castle’s new owners will find a post office, village stores, pub, church, village hall and primary school.

“Molly’s Lodge is certainly a unique Grade II listed home and there really isn’t much else like it in the area,” says Iain Powis from Savills.

“The Cotswolds has a real breadth of architectural styles with everything from pretty thatched cottages through to grand manor houses and rectories, but this Gate Lodge offers something completely different.