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I set myself a budget of ~€150 and eventually settled on a Lenovo Mini PC with an i5 and 8 GB of ram for €160 including shipping. In retrospective, one of those Beelink mini PC's would have been a better option, they use significantly less energy and have a better performance/price ratio.
I recommend going with option 1.
Just make sure you get an Intel box. If OP ever wants to use Plex it only plays nicely with Intel and Nvidia hardware transcoding.