Located right in the city center next to famous gorgeous Hallgrimskirkja. The check-in process was smooth. Took minutes for the stuff to show us to our room in the next door building which was 20 m walk from the reception.
Stuff was very friendly and helpful. We booked the room with private bathroom, it shared common entrance with 3 other rooms that had share bathroom (no bother for us at all) and we shared the same kitchenet area with coffee maker, electric kettle, medium fridge, sink, plenty of dishes, cups, utensils etc.
The room was spacious enough by European standards. Bathroom with the shower was a bit outdated but functioned well. The beds were comfortable.
The breakfast was served in the main building where reception was, the standard continental variety.
The parking was next-door and free (a big plus in the center of the city), but we were lucky to find nice spot right away, which could be tricky if we were arriving later in the day (we arrived around 4 pm).
Overall - good stay well worth the money paid.