How you can own a share of a historic castle for just €50

The only downside is that you don't get the whole property...

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Get your hands on a historical French castle for €50

Always fancied living out a fairytale and owning your own castle? Well an auction in France could make your dreams come true... sort of.

There's a 15th century castle in France's Dordogne that's up for sale - and it could cost you as little as €50 to become its proud owner.

See also: Seven tiny homes that prove size isn't everything

See also: Unique 'Venetian palace' near Windsor on sale for £4m

However, there is a catch; the castle wouldn't be entirely yours.

The €50 is what you would pay to buy shares in the castle, as part of a wider crowdfunding campaign launched to save it from being sold to the state.

In reality, if you wanted to buy it alone, you'd need to be able to meet the €250,000 reserve price.

In its heyday Château Le Paluel was often used as a fortress - but in 1944 it was destroyed by the Nazis who burned it to the ground.

How you can own a castle in France

The Château Le Paluel ruins

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Nowadays the ruins remain a must-visit sight in Dordogne, and they've even provided a backdrop to French films including 1968 hit Le Tatoué starring Louis de Funès.

Now, the castle has been put up for auction after being seized by the state due to concerns that the building was falling into a state of irreversible disrepair.

However, locals are worried that it won't be properly restored once bought - so they've banded together in a bid to try to buy, restore and re-use the castle.

Launched in August by the Adopte Un Château association - essentially the French equivalent of the UK's National Trust - in partnership with crowdfunding site Dartagnans, the project aims to raise €500,000 to cover the reserve price and necessary restorations.

It will also mark the launch of a new company complete with management board so that owners' views are heard - in fact, anyone who buys shares in the castle 'adoption' will get a say in what the castle is eventually used for, be it a museum, hotel, or even historical site.

Adopte Un Château has promised that owners will be able to "choose in a democratic manner the purpose of this project" once the castle has been restored.

The auction is set to take place on the 21st September and although the project currently has received over €350,000 from more than 5000 contributors - enough to pay the reserve price - it's still only 79% of the way through to its target.

If they fail to reach €500,000 total, then donors will be refunded their contributions.

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