I am an Australian who stayed here for a week while I was looking for work.
The room was small, but met all of my needs. For this price, why would you book a private at a backpackers when you can have all the same and more here?
The all-day make-it-yourself breakfast is a great deal. There was usually no-one in the well-equipped kitchen in which they stocked it with milk, fruit, juice, pro-biotic drinks, bread, margarine, butter, mayonnaise, sausages, bacon, ham, eggs, cheese and jam.
If you don't want to cook, at the end of the street there are cafes and a variety of fast food restaurants including many South Indian foods (which I love). There is also good budget shopping around and the tube station is within 10 minutes walk.