Depends on how much land comes with the house. I would renovate the hell out of the house though. But if the framework is in decent shape and it's in a good location it could be made to look very nice.
Rip out the horrible interior, extend, it could look really nice!
In it's current state though, it's just bizarre. It's like an 'upmarket' house in the countryside for sex parties.... Maybe the weird hand wash basin in the kitchen is for rinsing your dick in?