The rooms are perfectly located, really near a tube station, quiet area. There is a pub 2 minutes away if you want to grab a beer. We loved this.
Though the area is quiet, you can hear everything from the other room on the floor quite clearly, and also from the hallway. We were lucky the other guests were nice and when we asked them to lower their voices in the night so we could sleep they did.
The room is very very small. The bed is extremely comfortable. We slept really well.
The bathroom on the floor is small and lacks ventilation.
All in all it was a good stay in this budget.