Products featured in this Yahoo article are selected by our shopping writers. We will earn a commission from purchases made via links in this article. Pricing and availability are subject to change.

Aldi's three-in-one footstool is exactly the hard-working item your home needs

Aldi's space-saving footstool is the perfect storage solution for smaller homes. (Aldi)

If there's one thing guaranteed to pique our interest, it's Aldi's affordable homewares section.

Packed with everything from bedding and decor to candles and lighting, it's well worth a visit if you're revamping your home or looking for budget-friendly household essentials.

It's the perfect place to shop if you want to spruce up your space without spending a fortune, and we've just spotted a new piece of furniture that's going straight in our basket.

Aldi's Velvet Stool With Tray acts as both a footstool, storage solution and coffee table, saving both space and money. Available in a suave grey velvet, it's ideal for entertaining guests, storing blankets or books, or simply to put your feet up,

That's not all. It can serve as an additional seat when you have guests over, and of course is a sturdy surface for your glass of Pinot.

Functional and stylish, did we mention it comes in at only £64.99?

This versatile velvet stool is perfect for entertaining guests. (Aldi)

Why we rate it

This Scandi-style stool is an ideal budget buy solution for small rooms or student pads.

It's ridiculously easy to use too: Convert the stool into a small table, simply remove the soft top and turn it over to reveal an oak-effect tray.

It gets better. There's additional storage space in the base to store blankets, books or kids' toys. Anything that will keep our home free from clutter we're all ears for.

One satisfied shopper wrote in their review: "Love the double functionality to this velvet stool and it looks good in my living room."

The clever three-in-one item is now available from Aldi online and with its chic look and multifunctional design, we predict this won't be in stock for long.

Buy it now: Velvet Stool With Tray | £64.99 from Aldi

£64.99 at Aldi

Watch: Why a cordless vacuum cleaner is a worthy investment