I'm giving the accommodation a 4 star based on what you get for the price which is a little over £10 a night for 2, a steal. It seems that Koh Lipe is a relatively expensive Thai island and that it's difficult to get rooms for 500 baht a night which is what I paid here (the closest, nice bungalows were just behind Pattaya beach, Billa Beach, for 700 baht. If I returned I'd probably book there, but the average seems to be 1000 baht min).
The brick bungalows are basic, with a shower-loo situation rather than a flush, which meant a few flies and ants, but this all added to the authentic/rustic charm. We had one about 20 metres from the glorious Pattaya beach and overlooking a pretty garden. You're given fresh towels as often as you need them, though seeing these reviews I'm disappointed I wasn't offered free coffee in the morning! I did also have to ask for my room to be cleaned - once done it was fine but I'm not sure they would have done it all during my 5 night stay had I not asked at all.
The bungalows are located at the end of the beach where it starts to get quieter, which is nice if you want a retreat from the hustle and bustle. It's not a long walk to Walking Street and the restaurants/bars on the beach itself, where all the action happens. Because Pattaya beach is the busiest (though in my view the prettiest, if you don't want rocks), it's nice to have a quiet corner of it yet remaining close to all that you need, and liveliness as and when you desire it.
My main complaint was that it wasn't the friendliest of places to stay, and sometimes even had a bit of a strange atmosphere. I didn't eat in the restaurant in the evening for example, as I didn't really like the vibe.
Other than that though I really recommend this as a budget option for travellers and holidaymakers alike. No luxury, obviously, but great price in a great spot.
NB I almost forgot....waking up to the cockerel at about 6.15am I actually found rather lovely (and would rather do than sleep on hol) but bewarned of the gacking (for want of a better word) man/men at the same time. Lasts just as long but a trillion times less pleasant. The horrible spitting from back of your throat/lungs that only men seem to be able to do thing. I wish I'd mentioned it to them. GROSS.