It's two pieces of furniture for the price of one and pretty much essential for anyone without the luxury of a guest bedroom. Every home should have one.
6 of the best: Sofa beds under £500
1. Sleek, ultra-modern design, upholstered in cream (or black) leather and at an amazing price.
Yoko sofa bed in cream leather, £149, Made.com
6 of the best: Sofa beds under £500
2. Two separate moveable back panels make this a versatile as well as a stylish choice.
Luke sofa bed, £480, Kalusto
6 of the best: Sofa beds under £500
3. The colourful and practical option - the easy-clean microfibre cover makes it hardwearing and the fig shade really makes it pop.
Barney sofa bed, £499, John Lewis
6 of the best: Sofa beds under £500
4. If you need the extra seating as much as you need the spare bed, this three seat sofa bed could be the one. Guests will thank you for the generous sleeping space.
Woodstock three seat sofa bed in charcoal, £499, Habitat
6 of the best: Sofa beds under £500
5. This flexible single bed and sofa has three positions: sofa, chaise and bed. Perfect if space is really at a premium.
King sofa bed with back cushions, £379, Dekko
6 of the best: Sofa beds under £500
6. The clever cut-out design gives you a stylish sofa by day and a comfy resting place for an unexpected overnight guest at night.
Piso sofa bed in grey, £299, Dwell