Tawaramachi isn't a place when you're talking to your friends (you siad what area again?) but this small area is connect to Asakusa and Ueno, which mean you'll never lack of anything. (Bar hop, Midnight food, Convenient store), though the hostel area is locate in a quiet neighborhood that you'll love it.
Also all the staff can speak English. This is a bonus for everyone since most of the Japanese today still not speak English. Even you ask them in English they still responses back in Japanese, sometime body language and sometime faulty English (Say "no" instead of "yes")
Coming back to hostel and some local can speak english back to you, can explain you something that struck in your mind was really blissful.
Oh yeah, this is public review of the place. The location is now, staff is cool and the room is great (if you count my bed as room) It a little small for me since I cram everything on my bed. The bed locker is a bit smaller than I thought (about a size of 25 x 5 x 5 cm or so) You may need to not bringh too many thing here.
BTW there're two laundry machine and dryer. You can have half of the shirt/pants you need. And buy the detergent here instead (just 50 Yen). Bath towel / toothbrush and paste / Razor each are 200 yen, If you don't want to pay then you need to bring your own.