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Radiator replacement/relocation is def on the long-list of stuff for this house. We're budget constrained at the moment though and all the short term projects are dull functional things.
I love this house but can't help but feel that the space could be far better used, both in terms of rationalising usage. I'd love to see what a good architect and a fat budget could do to it. One day...
Got any plans?
Sounds like you need to spend a bit of money relocating the radiators in the living room to allow you to place furniture in places where it works for you. If the woodburner is in the hearth, install new wiring to the chimney breast to take your TV. Then you can use the alcoves for storage/shelves/posters/a desk.
Might even be wise to brick up the lower ground floor entrance so you can use it as a utility room/storage, provided you have a safe fire escape route from the basement (you probably will unless all the windows are barred and you have no garden and its open plan upstairs...)
If possible, build fitted storage into your new upper ground floor entrance hall to hold all your big winter coats/kids school stuff etc.