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First up, I think you've outlined the reasons why I wouldn't bother.
But in any event, I'm ok with it's location. Pt. 5, related to the fact that it was an inconsiderate move by the last owners - I've always been conscious of boundary distances when planting trees. I know most people just bang whatever they want as close to their neighbour as possible without thinking.
Much like the location of our amazing hibiscus, or taking up the sunny side of the garden with sheds - they are choices I wouldn't have made. But as they've already been made it's best to live with them.
I know exactly what you mean, and we'd planned to remove it when we did the patio - not least to give us another 75-100cm for bench seating on the left. However, we thought about it and realised a few things;
Replacing it is tricky....
... what do you replace it with?