A cheap hard drive is not automatically a cheap NAS drive. The best value NAS drives balance low £/TB with the things that matter once the drive is inside a box running all day: CMR recording, a suitable workload rating, vibration tolerance, warranty cover and a capacity that makes sense for your RAID setup.
That distinction matters because a NAS is usually where your irreplaceable files live. Family photos, business documents, media libraries and PC backups are not the place to save a few pounds on a drive that is poorly suited to multi-bay use. At the same time, paying a large premium for a branded NAS model is not always necessary. The right choice depends on the number of bays, how heavily the system is used and the actual price per terabyte at the time you buy.
What makes a NAS drive good value?
For most UK shoppers, £/TB should be the starting point. Divide the current drive price by its advertised capacity and you can compare a £190 12TB drive with a £275 18TB drive properly. The larger drive can cost more at checkout but still be the cheaper purchase per terabyte.
But £/TB is only the first filter. A NAS drive that is £2/TB cheaper may be poor value if it uses SMR recording, has a short warranty, or is intended for light desktop duty rather than constant operation in an enclosure. NAS drives also need to cope with vibration from neighbouring drives, frequent reads and writes, and the higher temperatures found in compact multi-bay units.
A useful value calculation is therefore: current £/TB, plus whether the specification fits the job. For a two-bay home NAS used for overnight backups, the answer may be different from a four-bay Plex server with several users streaming at once.
Best value NAS drives usually sit in the middle capacities
The smallest NAS capacities are often poor value. A 2TB or 4TB NAS drive can look affordable, but the price per terabyte is commonly much higher than an 8TB, 10TB or 12TB alternative. Once you add the cost of the NAS enclosure, electricity and potentially a second matching drive for RAID 1, buying too small can be a false economy.
For many home users, 8TB to 12TB is the practical value range. These capacities are large enough for a proper backup plan and often have more competitive £/TB pricing than entry-level sizes. They also avoid the very high upfront cost of the biggest 20TB-plus models.
Larger 16TB, 18TB and 20TB drives can offer the lowest £/TB when discounted. They make particular sense for four-bay and larger NAS units, video collections and photographers with growing archives. The trade-off is risk concentration: rebuilding a large failed drive takes longer, and replacing it is more expensive. That does not make high-capacity drives a bad buy, but it makes backup and RAID planning more important.
Do not assume a matched pair must be bought on the same day. If you are building a mirrored two-bay NAS, buying two identical drives at a genuinely low £/TB is simple. However, some experienced users deliberately choose drives from different manufacturing batches, or even different models with equivalent capacity, to reduce the chance of two identical drives ageing in the same way. Check that your NAS supports the drives before taking that approach.
CMR versus SMR: the specification worth checking
CMR, or conventional magnetic recording, is usually the safer choice for a NAS. It handles sustained writes, RAID rebuilds and regular backup jobs more predictably. This is why mainstream NAS ranges such as WD Red Plus, Seagate IronWolf and Toshiba N300 are commonly shortlisted by buyers building home and small-business systems.
SMR, or shingled magnetic recording, can be acceptable in a lightly used external backup drive. In a NAS, it can slow dramatically during prolonged writes and can complicate rebuild behaviour. The problem is not that every SMR drive will fail, but that the saving is often too small to justify the compromise in a RAID environment.
Do not rely on a listing title alone. Manufacturers use similar names across several capacities and generations, while marketplace listings can combine variants with different specifications. Check the precise model number, recording technology and warranty before comparing prices. A low £/TB result only counts if you are comparing like for like.
NAS-branded drives are not always the cheapest sensible option
Purpose-built NAS models cost more than basic desktop hard drives because they are specified for multi-drive enclosures. Features vary by range, but may include vibration sensors, higher annual workload ratings, NAS-focused firmware and longer warranties. Those features are useful, especially in a four-bay, six-bay or eight-bay unit where drives affect each other.
In a quiet two-bay home NAS used mainly for weekly backups, a quality CMR desktop drive may occasionally be better value if it is substantially cheaper per terabyte and the manufacturer supports that workload. The key word is substantially. Saving £10 across a pair of drives is rarely enough reason to accept a weaker warranty or unsuitable recording method.
Refurbished and recertified enterprise drives are another value option, particularly at 12TB and above. They can produce very low £/TB figures and may be rated for demanding workloads. However, they may be noisier, run warmer, use more power and arrive with a shorter seller warranty than new retail NAS drives. They are best suited to buyers who understand those compromises and maintain separate backups. For a living-room NAS, the acoustic difference alone can make a new NAS drive worth the premium.
Match the drive to the NAS job
A backup NAS has different priorities from a media server. For backup, capacity, CMR recording and warranty matter more than peak transfer speed. Your network connection will usually be the limit, particularly on a 1GbE NAS, where any modern hard drive can keep up with typical file transfers.
For a Plex or Jellyfin server, capacity still comes first, but noise and the number of simultaneous users become more relevant. A larger drive can reduce the number of bays you need to fill, while a multi-bay system benefits from drives designed to tolerate vibration. If the NAS also runs virtual machines, containers or databases, consider using SSDs for active applications and hard drives for bulk data. Paying SSD prices for 20TB of cold storage is rarely the value-first choice.
Small business buyers should place more weight on warranty length, workload rating, replacement availability and consistency. The cheapest drive on a single day is less useful if a matching replacement is difficult to find when one fails. Keeping one spare drive on hand can be sensible where downtime costs more than the extra purchase.
How to compare NAS drive deals properly
Start by filtering to the capacity you actually need, not merely the lowest price. Then compare new drives separately from used, refurbished and recertified stock. A £/TB table is most useful when condition, capacity and drive type are visible together.
Next, look at the cost of the whole array. A £155 10TB drive is £15.50/TB. Two drives for a mirrored 10TB NAS cost £310, but you still have only 10TB of usable space. Four of those drives in RAID 5 may provide roughly 30TB usable before formatting and system overhead, but RAID 5 is not a backup and its suitability depends on your NAS, data and tolerance for rebuild risk.
Finally, check whether a deal is genuinely unusual. Storage prices move, and a large crossed-out reference price does not prove a bargain. Compare the current £/TB against nearby capacities and competing NAS ranges. If a 12TB model is only slightly more expensive than 8TB but gives a much lower £/TB, it is likely the better long-term buy. If a 16TB model costs far more per terabyte than 12TB, the bigger number is not a reason to stretch the budget.
The value-first buying rule
For most home NAS owners, the sensible target is a new CMR drive from a recognised NAS or suitably rated desktop range, bought at the lowest current £/TB in the capacity your array can use. Choose 8TB to 12TB when you want a balanced upfront cost, and consider 16TB or more when live price data shows a meaningful £/TB saving and your backup plan is ready for it.
A NAS is built for the files you do not want to lose, so buy the capacity that prevents an immediate upgrade and the drive specification that avoids an avoidable headache. Then put the remaining savings towards a separate backup - the part no RAID level can replace.
