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When is a room, not a bedroom?

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Hello, I've currently offered on a property, waiting decision. It is listed as a three bed but the third bed is 9'6" x 6'8" so too small for us.
But the house has potential we would split the space into two bigger rooms, but is there a cut off-point when rooms are classed as too small to be a bedroom?
Received £2,626.00 in PPI -2013:j
Received £1400 charges - 2006:j
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