Crisp, clean, white makes small spaces seem bigger and brighter. I love how even the radiator is clean and white. Pair this with an awesome book shelve and it provides character to an otherwise boring room!
For even more storage, consider hanging shelves up high that run the length of the room. You won't loose any floor real estate at all, and you'll gain a lot of storage space. Design Dozen: 12 Clever Space-Saving Solutions for Small Bedrooms