I stayed here one night during my time in Reykjavik. It is a pretty nice hostel with great amenities-lockers in the room, parking, nice common area and kitchen, good wifi, and a cafe. It was a good value for the price. It's a bit outside of the city center, but there is a bus stop right across the street and it's only about a 30 minute walk. I also recommend the little Italian restaurant across the parking lot! Authentic, fresh (I watched her make the noodles!), and delicious.