nas A small NAS on a budget
With your budget, I'd recommend a used office desktop like a Dell Optiplex with a couple hard drives configured as a mirror. For example, here's one with an i7 6700, 16 GB of RAM, a 240 gig boot SSD, and one 2 TB hard drive included for 120 pounds. Add a second 2 TB drive and you're golden.
While it's physically not the smallest solution, it's a lot of computer for your money. Power consumption is usually pretty good on these, and parts are proprietary but plentiful and easy to look up.
Just remember if you buy used hard drives, make sure they're SATA not SAS. SAS drives will need a controller card. I also recommend picking up a "sold spare" of the same size from another vendor, so you have a spare on the shelf ready to go in case one of your drives fails.
This video should give you the general idea. Unfortunately I don't think Dell made a desktop form factor machine that can take two 3.5" hard drives after the x010 Ivy Bridge generation though.
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