Single-family house from 1950 with backlog of renovations "Charm of the 50s" - renovation costs

If we approach it this way, we are currently at about 250K euros in renovation costs (plus buffer). So all in all 850K euros. I estimate a monthly burden of 3000 euros including ancillary costs, is that feasible?

Since you have now been in the house, I somehow expect some photos of the facade, windows, bathrooms, and floors here. Possibly heating and electrical cabinet.
Show us!

Then show the object of desire.

Somehow this topic won't let me go...

I gather from your posts that you want the house. The location is so important to you that you are roughly willing to pay 100k more for it. And the house itself seems to please you.

I see two sticking points: the renovation costs - if you contribute hardly any own work and carry out a major renovation, then 250k can really become tight. Today, I happened to come across a similar question in a house and renovation group on a social platform, which shall not be named here. There, 400k was mentioned so often that you'd be amazed. Certainly also lower prices, but mostly with substantial own work (like electrical), or from a few years ago. However, none of these statements are really representative (similar to here).

--> In short, I would go through the house with an expert who also keeps an eye on current prices in your region.

Second point:
My gut feeling tells me that the loan itself is very high and that the monthly payment doesn't quite fit? But the pros like or (was that the correct username? there are so many users with numbers...) should perhaps take another look.

We like the house, but due to known developments, we are unsure whether we want to take such a risk...

The loan seems high to you? You mean the monthly burden would be more?

You probably know your market best over the years - is the house at the 2021 price level, or is it already cheaper than comparable properties? Personally, I find it rather expensive. Little land, little renovated. But probably was a high standard when built. Check the standard land value in BorisNI.

Regarding the rate - I don’t see €2500 there. Much too much is probably added through the renovation. Let’s assume "only" €200,000 renovation costs. Then you are at "only" €150,000 equity and the ancillary costs fixed at >€3300 per month - if you have a loan requirement of €650,000.