Have you thought about getting slipcovers made? If you wanted to go with a cottage look white or off white would look good with your rustic fireplace. Don't be afraid of the white, slipcovers that are made well will last a long time, and can be washed even bleached. I have had mine for probably 9 years now. Love that you can wash them. I would skirt the bottom of the slipcovers. I think it would really transform them. You could bring in some blue accents with pillows, etc. Some pictures on your wall with some ocean blues would look nice with some rustic touches like antlers, shells etc.

I think it is awesome to give a piece of furniture a new life. It is sometimes a bit daunting to take a paint brush to a piece made from genuine old timber but if you are going to get many more years of life and enjoyment out of it I think it is better than dumping it. I believe it shows your love. jbof4 I started with a heat gun to remove most of the many layers of paint, (some are easier than others to strip this way). Then I used an orbital sander and sanded and sanded and sanded. You might also try liquid paint stripper although I find this very messy. I believe you can also get them professionally stripped. Good luck with the resurrection, go for it what have you got to lose.

Thanks for the replies! My wife suggested we talk to a local real estate agent, so i think that is a good idea... just that Im not sure how helpful they are likely to be if we arent selling yet :) As for saving for our dream house, I dont disagree, however if doing this up nicely over the next ~5 years or so while we live here nets us some extra in the eventual sale, then that of course will help us as well. Interesting thing happened today actually. I got a knock on the door and one of the older neighbours asked if he could take some lemons from the tree. I of course said yes. Anyway he was telling me he had lived in the street for 40 years. I asked him if the house had always looked like this, and he said no that ~30 years ago the old old owner did a massive renovation and pulled off the timber and put up the bricks and gutted the inside of the house. Interesting stuff!

How come you don't want to go with the two lounges in the room if it works out okay?