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$300
Awesome and huge sofa bed from IKEA! Folds down to 140 x 200cm. Pretty comfortable for two medium-sized people to sleep on or three people to sit on. We've only used it for one year and it is in great shape! We have a navy blue cover for it as well which is included in the price!
Link to IKEA product: http://www.ikea.com/au/en/catalog/products/S89927308/#/S99927275
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