You’re paying for location on this one! Having lived in London before, I can attest that this is in one of the best locations in the city - right near Liverpool Station and Spitalfields and in walking distance of all the best spots in Shoreditch and Brick Lane. Even the view from the room window is amazing. Lots of great restaurants nearby in addition to those markets. And there’s a grocery store next door.
It’s a university dorm, so expect that and you’ll be fine. Beds are very small and not comfortable - it’s a tight squeeze for two people - and the room is very small. We had issues with our shower consistently clogging. There is a laundry room in the basement, which is great, so you can use washers and dryers. There is a 24 hour front desk so you can check in at any time throughout the night. The elevators are pretty painful to use though because half of them were out of service and the other half have to pick up people from many floors (it’s a really tall building). People often left trash in the hallway all over the place and it smelled. I found the people at the front desk to not be very friendly; they seemed consistently in a bad mood - and do not anticipate being able to do a late checkout. They said they have a standard procedure of no late checkouts.
Again - if your plan is just to focus on location and you have a short stay, go for it and you’ll be very pleased with the location. If you’re looking to spend a lot of time at home or stay here for a long period, I’d look for something more comfortable.