The location is excellent and the place is fine (maybe a little bit dank, but it's the basement so nothing unexpected there). However, when you are picturing the place in your head please note the following:
1. The bedroom is way smaller than it looks in the photo. If you are tall like me, you are going to be doing some crouching to get into bed.
2. If you are picturing the shared laundry to be 10 steps from your bedroom door, then you are sadly incorrect. It is 8 steps from your bedroom door. Seriously, it's very close and people use it, especially on the weekends.
Like I said the place is fine, but you should probably measure your expectations before booking.