The location was a little more than a short walk to the city center. The room was updated and had a wonderful kitchenette with a dishwasher! The bathroom was spacious. The parking issue was confusing and troubling. There is a closed business (assumed to be a former restuarant) on the first floor. There are parking around the exterior of building that was used by all the neighborhood. I assume in the past, it was reserved parking for the business. This left a small parking area around the back side of the business for parking. While they indicate private parking, it is not assured there are sufficient parking spots available.
The second issue to be aware of is the passcode to enter the building that is sent to you before arrival is not correct. You must call a number and await a person to come and let you in and provide a room key. This is troubling especially if arriving after hours. It worked, but one needs to be aware of this previously reported issue and plan accordingly.
Other than the parking and entry concerns, it is a great value and wonderful place to stay in Iceland, provided you have transportation. I would highly recommend it with these caveats.