Oil Heating System Dangerous?

Lima Golf

I'm looking at an older property at the minute. The heating system layout seems odd to say the least. There is no outside space at the back or side of the property, only to the front. It's oil central heating but the boiler and kerosene tank (steel if that makes any difference) are located inside the house in a tiny room just off a bedroom. There is a metal flu extracting fumes outside. The walls on 3 sides are stone but on the bedroom side is just plasterboard. There is no wall between the boiler and the tank and I'd say they're about 2 foot apart (but both are a lot closer than that to the surrounding walls). I don't know anything about central heating but it doesn't look like a safe set up. Can anyone let me know if it's dangerous? I'd be concerned about smells and carbon monoxide in the bedroom. Am I safer to convert it to gas?

Wearb

Internal domestic oil storage
In some situations, the oil storage tank can be sited inside a building such as a garage or out house. For those installations, the tank must be self-contained within a 60 minute rated fire chamber, with a self closing door that opens outwards, and is openable from the inside without the use of a key .In addition, the tank should be bunded.

From OFTEC guidelines, which are based on building regulations.

Tom44

Basically oil tank has to be in a bomb proof shelter (literally) or a 3 sided lean to.
Oil boiler 1.8m away.

Common sense or oftec engineers opinion required.