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@Dammit
Bit tiresome, but can you be bothered to work out how much it would cost to fill the bath using a 12KW heater versus the immersion?
maybe factor in all the days that the immersion heats the water up, only for it to go cold again unused?
If you had a bath every morning then the immersion heater is going to win it, but if you (or Mal, or whoever) has a long soak twice a month I reckon the costs are going to be on the side of the instant heater.
What would you do with the room freed up by binning the tank(s)?
Would that add more value to the flat than you think might be lost by perceived higher heating bills due to instant heaters?