Thanks for your input and good advice - now have it booked in for the work.
I've now been told they have a recommended life of 5 years, so was pushing it at nearly 8, despite the low mileage.
Incidentally I found quite a range of prices even between franchised dealers in the same area - from £515 up to £748 (both including the water pump). Have booked it in with the former. I would happily go the independent specialist route, but haven't been able to find one in my area (central / SE London - if anyone has a recommendation please let me know), so am sticking with franchised for now.
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