In my last house, my eldest two had to share a room, so there wasn't a lot of floor space. It was multi-purpose items like this Disney Princess Store and Draw that saved the day. It's a bookcase, arts and crafts storage drawer AND an easel/chalkboard. That takes up way less room than a bookcase, storage box and standalone blackboard.
It's only £29 at Tesco Direct, reduced from £59. Save an extra £5 by adding two of these Plum Glass Tealight Holders* at 50p each to take your order up to £30, then use eCoupon TDX-HKNP at the checkout. It sells for £59.99 at Toys R Us and £59 at Very, so be quick and grab this bargain.
If your kids have toys galore already, you may be reluctant to buy too many for Christmas. Something like this Disney Princess Store and Draw is a great idea. It's something they can play with but it's practical too.
On one side is a neat bookcase that can take a fair amount of children's books and on the other side is the chalkboard, where your child can draw. Underneath is a fabric drawer to hold any stationary, chalks etc.
You can Click and Collect the Disney Princess Store and Draw for FREE from a Tesco store near you or pay £3 to have it delivered to your front door.