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Also is the piano necessary? Could you sell it to fund the big TV?
Outrageous suggestion! Pianos are so valuable for kids.
@Sheppz - personally I don't like/get the Serif. Looks like a kids chalkboard or an office flipchart/whiteboard, fussy skinny little legs like it'll fall over and it just looks odd. I think TVs look better on something more substantial, but then I don't have a TV at all so maybe not the best judge...
Think @Tenderloin 's idea of painting is a good shout. Pull a wide band of colour up the wall and across the ceiling - so either the wall on left and over the dining table (basically size of table plus seating, although pulling it wider to inc the piano is a possibility), big textile wall hanging instead of giant mirror, and timber tabletop, and you have a much cosier dining space. Or do the opposite wall and bring it across ceiling to the extent of the rug.
Of the two 'zones' which do you want to be more cosy?
Would built in dining room bench seat save you any room?
TBH I don't really like them and my OH is lobbying for one, but they do seem to save space and give extra storage... albeit not that much for you as you've got the rad behind.
Also is the piano necessary? Could you sell it to fund the big TV?