This teddy bear doesn’t have diamond eyes and a gold nose like the one offered by Selfridges last year, but still, it asks for a whopping half a million pounds.

But the buyer of the cuddly toy will also get the bear’s home - a beamed cottage in Lavenham, England - one of the country’s most picturesque medieval villages.

Mr McKinlay, 73, a retired butcher and farmer, said: “It is time for me to move on so I decided that Teddy might help me sell the house.

The three-foot bear belongs to homeowner Walt McKinlay’s daughter and is now sitting on a chair next to the window of the property with a “Buy Me” sign.