Are you sure valve is at fault? It is possible to get feedback from return in some systems. Is the synchronous motor working properly? I have three Honeywell two-port valves (HW; CH up; CH down - house has four storeys) at least 20 years old and all three motors have failed within the last two years. Easily replaced at about £8 each.
If you do have to remove the valve, I suggest you inspect/clean/test it as it may well be good for another period or, if replaced, kept as a spare.a future replacement. £13.50 seems a lot for inhibitor, unless you have to use a couple of litres. I have drained into large containers and (after settling of black iron sludge) successfully re-used about 80% of inhibited water. Given that a drain-down or top-up is occasionally needed, the cheapest inhibitor does the job, especially in an old system.