The Tannoys look like lovely speakers, and published measurements don’t show a peak there. But the two octave around 500 Hz are an area sensitive to speaker positioning, especially with ported speakers. So my suggestion is, try moving the speakers away from the wall a little and also moving your listening position. You might be able to fix this that way.
As far as room treatment, that’s something I often recommend, but these frequencies are low enough so that a thin panel or rug isn’t going to do anything to help. I would use panels 6" thick or something like tube traps. Still, I’d experiment with positioning first. You might not need room treatment for this particular issue.
Finally, I have not used one, but many users swear by the Schiit Loki, saying it's a useful and transparent EQ for very little money. One of its bands is centered at 400 Hz, which might be just the ticket if you can't solve the issue with repositioning the speakers.
As far as room treatment, that’s something I often recommend, but these frequencies are low enough so that a thin panel or rug isn’t going to do anything to help. I would use panels 6" thick or something like tube traps. Still, I’d experiment with positioning first. You might not need room treatment for this particular issue.
Finally, I have not used one, but many users swear by the Schiit Loki, saying it's a useful and transparent EQ for very little money. One of its bands is centered at 400 Hz, which might be just the ticket if you can't solve the issue with repositioning the speakers.