I'm considering buying my my first DSLR?
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The one after alot of deliberation is the nikon D5200 but given this was released 3 years ago is it a bit too old tech?
I would be buying it new out of the box also for 330 pounds
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No, not at all "old tech"
Since it can take years for a person to begin to learn the fundamentals of photography, just about ANY digital SLR will be able to keep up with your learning process.
The two cameras I use professionally, a Nikon D300 and D3 are both over seven years old, so do not worry about the D5200 being "too old"
Enjoy your new camera
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A little advice before getting into photography, the body isn't all that important, it's pretty much all in the lens. The D5200 is a fantastic camera, but it depends on the lens to go with it. You need good lenses to produce great photos.
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3 years isn't that old, and modern DSLRs are pretty solid machines with few, if any, major issues. A decent photographer could get great shots from a D5200. As a first DSLR, it is as good as any - once you learn how to use it well, of course. It won't do all the work for you.
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The D5200 isn't what I'd've chosen, but there's nothing wrong with it.
Just make sure it comes with a lens (these things are generally sold as a kit with the 18-55mm AF-S), as your camera body is a paperweight without one. You'll need at least one SD card too, as DSLRs have no internal storage.
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I suggest a D3200 if you don't mind losing the flip out screen and automatic hdr, because it has a negligible difference and you'll save a lot. A good lens is more important than a good body.
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The D5200 is an excellent camera. Although Nikon comes out with a new version about every year, there are often not enough new improvements to make it worth the price difference.
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A great choice. It is cheap because of its age. But its age doesn't mean its not as good any more. It was always a great camera.