We're currently renovating a small 2 bedroom house we recently bought in Brisbane (kitchen, paint, flooring). Whilst trying not to overcapitalise, we're considering converting the laundry into a third bedroom. Disregarding the cost - I'm concerned about the size of the room which would be approximately 2.4 x 4 m. The house is fairly small with the current bedrooms being 2.9 x 3.5m. Would you consider this too small to call a bedroom? Whilst we would like to achieve 50-70pw more in rent, the driver behind this is a higher valuation. Would this be considered a third bedroom for the purpose of a valuation?