I would say if you have a car you don't know the history of then, amongst a few other things, it's worth draining and refilling. My choice is BMW coolant, others will say use something else and save a couple of quid.
The other part of the coolant debate is whether to use tap water or distilled water for your 50:50 mix. Tap water is fine in soft water areas which I would imagine would include Porthcawl. I use distilled water as Swindon water is vile & hard.
You might also consider doing the water pump & thermostat at the same time if no history known on them.
Definitely something to keep a close eye on if you having overheating and coolant loss issues.