In December 2004 I stayed two nights in the MacDonald Hotel which seems to be a perfect place for budget travellers. The staff of this family run hotel is friendly and very helpful at any time. The rooms are clean, very quiet and equipped with private bath or sink and shared bath.
Directions: The MacDonald Hotel is situated in underground zone 1 near the Kings Cross St. Pancras station. It is located in a quiet side street just 3 minutes on foot from the station.
This is a family run bed and breakfast at the edge of Zone 1 of London.
One of the cheapest B&B in central London. It is easily accessible from the underground, just about 5 minutes walk from the King's Cross underground. It is clean and comfortable than most hostels, but a bit old.
English breakfast is included in the price. Breakfast is not fantastic, but good enough for London's prices. I had stayed in their en-suite double and triple with TV and tea-making facilities. The rooms were quite small, but normal for London.
Some people might not want to stay in that area. At night, there are many homeless and strange looking people loitering around the station. This hotel is along a quiet street though. I had stayed here 4 times before and nothing happened to me. If I stay here, I would avoid going back too late.