The hostel's location is very nice. It's extremely close to Bayswater tube station and right next to Hyde Park. My main complaint has to do with the showers. The fact that you have to press a button every 20 seconds to make the water come out at an uncontrollable temperature is very unpleasant.
I stayed at the Backpack Guesthouse one night. The facilities are brand new and I really like the way the hostel is laid out. It was a very peaceful atmosphere. The location is nice and quiet on the Buda side but if one were interested in stepping out the door to see the most touristic side of Budapest then this is not the place for you. If one were spending a couple days in Budapest and was interested in meeting cool people and seeing a different side of the city then this place is perfect.
The location is perfect and the facilities are very nice. The towels and internet are free which is unique and very appreciated. The staff at the reception was very helpful. I recommend this place.