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Italian village for sale… on eBay!

The listing of obscure items on online auction site eBay is nothing new, but one Italian seller has gone a step further, putting a whole Alpine village up for sale.

The picturesque village of Calsazio, listed on eBay Italy, comes with a "Buy It Now" price tag of just 245,000 euros ($333,000).

Borgata Calsazio alpine village is for sale on eBay.
Source: eBay
Borgata Calsazio alpine village is for sale on eBay.

The village includes 14 homes, with a total of more than 50 rooms, and is located around 50 km (31 miles) from Turin, in the north west of Italy.

Read MoreItaly's government auctions luxury cars…on eBay

The seller—who calls themselves it2014.piemo, and only joined eBay on July 5—described the village as having a "strategic location", with the potential for development into tourist accommodation or a restaurant.

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The price tag might appeal to some European buyers, especially those in Britain, who are battling ever-escalating house prices.

The cost of the average home in the U.K., for instance, has risen to £188,903 ($323.314), according to Nationwide—just below the cost of the whole village of Calsazio (at £194,500).

But—perhaps unsurprisingly—there is a catch: the village's stone houses need significant renovation work, which must meet various architectural and historical criteria.

Read MoreEurope's recovery depends on Italy

This alpine village can be yours for only EUR 245.000,00 on eBay.
Source: eBay
This alpine village can be yours for only EUR 245.000,00 on eBay.

The sale of the village is being assisted by Italy's National Union of Mountain Towns and Communities (UNCEM).

"Calsazio lends itself well to an intervention by a private individual who can buy properties, and with a general recovery program, develop them," UNCEM said on its website.

The village has been listed on eBay in a "used" condition, and returns will not be accepted.

—By CNBC's Katrina Bishop

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  • Diana Olick

    Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.

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