Great location for the best price you can get in the area. They are exactly what they say they are- it's a bunkbed hostel. You will be amongst other people. If you are a light sleeper, you will probably have a hard time. Although the city sounds are not a problem, you're going to end up in a room with at least one person who snores. The mattress is comfy, but the bunkbeds do shift a lot with every movement of yours and your bunk mate.
The common space is really nice and cosy, and there are supplies to cook your own meals. Even some basic spices, though you may need permission to use them. The showers do not have soap/shampoo/conditioner or towels so you will need to bring your own.
If you are looking to travel and chat up new people, this would be the place! If you are more timid and like to keep to yourself, you may end up feeling a little awkward and out of place here. I felt safe and the place was just what I needed for a quick one nights stay!
Thank you Eloi!