Should be OK. Keep it dry. thats all. And try to keep it above zero. Most consumer s**te isn't ever tested to sub zero much,so it might go starry eyed on you.
I would recommend you try and at least go or 100Mbps tho: the homeplug stuff is a bits slow.
I definitely noticed a speed increase in the linux server here putting in a 100Mbps hub, and the one I built for a customer with a SATA drive in it is blindingly quick over 100Mbps.
I know the idea of a box with a mains plug, and an ethernet plug appeals. But beware. For every thing the box does for you, there is something it won't let you do.
DIY using BSD or Linux, means a fairly sharp learning curve, but the fact remains that you will always have access to its guts, and if anything STARTS to go wrong, you can get a bit of warning and strip the disk's data into a new one easily.
It takes me less than an afternoon to install and get such a box running..easy enough to talk you through it here if you wanted.