It looks like the above 3 port.
What are my options in terms of repairing?
Depends on what is wrong! There are three things which can go wrong: Motor failed; Actuator (box) failed; valve sticking. Here's how you check.
Turn the electricity off to the central heating (Not just turning the time switch to OFF) . This puts the valve back to its default position.
There should be a lever in the side of the valve which can move in a slot; it should be at the Auto end of the slot. Slide the lever across to the other side of the slot. You should feel some resistance. i.e lever not floppy, and hear a whirring noise as you are opening the valve against a spring. When you let go of the lever you should hear the valve closing. If the lever is floppy, the valve is stuck. But this can usually be put right.
Remove the actuator, it will either unclip or have some screws holding it in place. You will see the valve spindle sticking up from the body. Use a pair of pliers to rotate this (it will not go a full circle, just a few degrees either way). If it does not move, try a few drops of WD40 or similar to loosen it. If that does not work you will have to get a complete new valve.
If the valve is not sticking, we next check the motor; leave the actuator off.
1. Set the timer to HW and CH OFF and both thermostats to minimum.
2. Turn the power back on.
3. Turn the HW ON and the cylinder thermostat up. The boiler should light and the pipe from valve to HW cylinder get hot; the other pipe should be cold.
4. Turn the CH ON and the room thermostat up. The motor should run and then stop. The boiler should continue working (it may stop and restart).
5. Turn the HW thermostat down. The motor should run again and stop. The boiler should continue working (it may stop and restart).
6. Turn the HW OFF. The boiler should continue working (it may stop and restart).
7. Turn the CH thermostat down. The boiler should stop.
8. Turn CH OFF
9. Turn electricity OFF
If it fails any of these tests, you best option is to replace the actuator.
But if it passes, we still need to check that the actuator works when on the valve body.
Refit the actuator.
Repeat tests 1 to 9 but also check as follows:
Test 4. Both pipes should get hot.
Test 5. Only the pipe to the radiators should get hot.
Test 6. Only the pipe to the radiators should get hot.
If it fails any tests, replace the actuator. You will get one from any plumbers merchant.