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Hot Water Cylinder - relocation

Hi there I've just moved into a small flat, and recently discovered issues with my hot water cylinder. It's currently tucked away in the most inconvenient small cupboard, in my bedroom. Having the HW in my room isn't ideal, so I'm exploring my options. I am looking for quotes 1. Relocate cylinder 3. Update to an outdoor hot water cylinder, the location I'm assuming would be outside the bathroom (or an alternative suggestion)