First question: what will you do about data backup? Nextcloud and Immich both imply important data that you don’t want to lose. You say you have some harddrives, so look for some computer that can take more than one harddrive and then setup RAID with snapshots. I’d go for a RAID setup such that you need two drives to fail before you lose data, but there are plenty of debate. We often say RAID is not a backup - you should start thinking about the next step in your backup setup soon.
Used vs new is always the question. In general the newer the system the less power it will use to do the same work. However ARM will almost always use less power than x86 even if the x86 is much newer. I specified work here, your computer will nothing most of the time so idle power matters too.
The bigger point about cloud that most miss is make sure you are paying them a reasonably price for the service. So long as you are the customer and not the product the cloud can be good.