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Condition is unknown, which keeps the price read straightforward: at £165, this is well above the recent comparable market’s £72 median and even over the £97 75th percentile, so it looks ambitious rather than fair for a standard used example. Unless it’s unusually tidy, freshly serviced, or comes with a strong original-owner story and accessories, I’d treat it as overpriced against the current GBP comps.

The upside is that this is a well-regarded integrated amplifier: NAD’s 312s are typically valued for their honest, musical sound, solid phono-era practicality, and easy everyday drive with sensible speakers. If the seller can prove clean operation, quiet controls, and no channel imbalance, a good example can still be a satisfying buy — but at this level, you’d want some meaningful condition or provenance to justify paying up.

Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.

About NAD

NAD Electronics was founded in 1972 in London by a group of European audio importers frustrated with the hype surrounding Japanese hi-fi products. Led by visionary American executive Martin L. Borish and brilliant engineer Bjorn Erik Edvardsen, the company emerged from a quest to deliver high-performance audio at accessible prices. Their breakthrough came with the NAD 3020 integrated amplifier, the best-selling hi-fi amp in history, which embodied a philosophy of stripping away non-essentials to prioritize pure sound quality.

The brand focuses on core hi-fi categories, excelling in amplifiers—pioneering Class A/B, Class G, and hybrid digital designs—alongside integrated receivers, AV processors, turntables, CD and cassette players, and modern streamers. While not venturing into speakers, headphones, or cables, NAD emphasizes source components and amplification that integrate seamlessly into home theater and custom installation setups, always upholding principles of innovation, simplicity, performance, and value.

Today, as part of Canada's Lenbrook Group and sold in over 80 countries, NAD holds a commanding mid-tier position in the market, revered by audiophiles for affordable excellence rather than ultra-high-end excess. Its "Truth in Power" legacy earns cult status among knowledgeable buyers seeking reliable, award-winning gear that punches above its price, blending vintage heritage with contemporary streaming and hybrid tech.

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