I liked this place, and it worked for me. But I can see different people having different responses, so I'd recommend making sure you're okay with what you're signing up for.
The main feature to be aware of are the shared bathrooms and kitchens. The bathrooms and showers I thought were kept quite clean, so it was no problem for me. They were never too crowded. The kitchen is small and not the nicest, but worked for me and had enough equipment for the simple meals I made. Overall it had the feeling of a fairly quiet, very nice, grown-up hostel.
The bedroom itself was just a simple room. Your experience will vary some depending on which room you get. I had room 1 -- on the first floor and facing the street. I think it was a relatively quiet room, although you still got noise from the entryway. Rooms on the other side have a view -- and I think are basically the same price, but may get more noise from the common areas. Even though the other residents were mostly fairly quiet, I don't think it's super quiet because sound carries throughout the building.
There's also a beautiful terrace on the second floor, but they shut it for part of the time I was there because some other guests apparently threw a party there and made a mess.
I needed good internet for video calls and found the place so so. I mostly used the terrace and common office they had, and the internet connection was usually okay -- but dropped calls a few times. The bedroom's internet access was spottier, and sometimes very weak.
I'd hardly call it cheap during tourist season -- it's a lot for what you're getting. But it's still cheaper than most private listings.
Overall I enjoyed the stay and met some good people staying there. I recommend if you're up for a sort of grown-up hostel environment.