That is a lockshield valve, you can turn it off with service key or remove the outer shield and use spanner to isolate, however, you may get water leaking from gland.
Regards
The o rings/flexis wouldn't be 'easily' accessible, however, with most nitrile seals they have over 15 years guarantee. As a plumber/gas engineer, bristan easy fit is what I would fit in my house, and would recommend.
Mark