Little tired let me make this quick - the location is great - under 10 minute walk from the train station. As touristy Amsterdam is quite small, that makes it an easy walk to most everywhere else of great interest. Though I'd suggest renting a bike (a good shop is 6-ish doors down, toward the train station), to make it more fun.
The room we had was...OK. It looked very much like a well cared for, late- 1970s furnished apartment. I'm pretty sure that's what it was...
That said, it was a bedroom, hallway, then two separate rooms, one with toilet/sink, and one with toilet/shower. All ours. It was all very homey. Then a kitchen we shared with other guests (though never saw them). All in all, I'd say a great price for Amsterdam/its location.
Bottom line - for Amsterdam prices, we liked it a lot. People who especially like a homey charm...probably would absolutely love it.