Purchase advice / Financial evaluation - 1950s house with attractive plot

I don't understand how a property like this can still be taken seriously at such a price with the interest rates.

Location, location, location. Land 80%, the rest stones. That's just how it is in desirable locations.

The fact that you have saved up so much equity is really respectable. Just for the money alone, you could get a nearly new house elsewhere for +100k and be up to date without any renovations for the next 20 years. You can find similar plots of land elsewhere as well. I definitely wouldn’t pay almost a million euros for the old house. Honestly, it doesn’t look good either, and all the repairs and small updates alone add up.
Look for another residential area and live debt-free in 5 to 10 years—that would be worth the effort of relocating and possibly changing jobs for me.

The other thing is renting out the upper floor [OG]. You have to be aware that you don’t necessarily get tenants immediately for such an old house. And even if you do, they have wishes and demands as well. If something breaks, they turn to you, which means more costs. When the tenant changes, and in my experience that happens every three to five years at the latest, you have vacancies and the income stops at first. So a rental apartment is not a steady source of income. Also, you have to like having people constantly in your own house; otherwise, you might as well continue renting.

I find the plan pretty strange, to confine your life to such a straitjacket just because of the quiet and rural location.

That's true. Building new on a smaller plot is probably even cheaper than buying and renovating the house.

Are you reading a different thread than I am? The OP mentions an S-Bahn connection, which definitely means the Munich suburbs; if you're only near the S-Bahn there, it gets really expensive. And rural areas don’t have an S-Bahn ;)
So there's no cheap option to build something new anywhere. I personally wouldn't be willing to buy a surprise egg from 1950 at that price and still have a tenant (especially above me), but I'm also realistic about it. In certain areas, a single-family house new build for 500k simply isn't possible, and hasn’t been for a while.

Could also be the outskirts of Nürnberg. For a property of this size in the Munich suburban train area, it seems almost a bit "cheap" to me. I know, almost perverse...

As always at this point: The price drivers are the plots of land, not the houses. If the plot were 600m² instead of 1,650, we wouldn't be talking about a sale price of nearly 900,000 EUR here, but maybe still over 600,000 EUR for a house from 1950 with 170kWh/m²/a.

Hence also the idea of selling part of the plot. With 1-2 children, both parents inevitably quickly back to full-time work, 1,650m² cannot be sensibly used or maintained anyway. It amounts to a huge lawn area that is of no use to anyone... even ecologically, an English lawn is relatively useless...