The road itself is one way for car traffic, but two way for bikes. This likely allows a non-main road cut though for bike traffic.
The pavement (sidewalk) outside the front of the school is double the width and has bollards along it to stop cars parking on the pavement. This slow massively narrows the road to you’ll likely be driving about 20-30mph regardless of the speed limit.
The junction behind the initial street view has a tiny traffic island with a bollard to protect bikes coming the “wrong way” out of the one way road from cars turning into it. Without that cars turning right into it would always cut that corner.
Given the space constraints it’s actually a pretty well designed street.
In some ways these small narrow roads are better by the way, even for non-cars. Everyone understands the need to share the road. Big roads seem to create a "this is for cars only and everything else doesn't belong here and shouldn't be here" type of mindset.
30mph is more common in towns.
You might see 40mph if going through a rural village.
50mph isn't too common, but you sometimes see it on smaller or busier major road (A roads).
60mph is the "national" speed limit for major roads and rural roads for cars. Some of these are narrow and twisty, so 60mph should be seen as a maximum, not a recommendation of how fast to actually go. For example, this road in Cornwall[0] would be under national speed limit of 60mph, but you'd have to be insane to drive at that speed. The national speed limit is actually lower for vehicles over 3 tonnes or towing (50mph) or heavy good vehicles and busses (40mph), which is why the signpost for national speed is a white circle with a black cross through it rather than a number.
You'll be 70mph on most motoways (highways) and for cars on national speed limit roads with a central reservation.
I'm guessing streets like the one you share are narrow enough that cars don't usually try going 50mph? And as noted, there is a fair bit of thought given - bollards at the intersection and school, etc.
Here's the street I was talking about... https://www.google.com/maps/@38.9397759,-77.353558,3a,75y,12...
Houses don't directly front this road, but there are intersections with housing clusters every 1/4 mile or so, with cars and pedestrians crossing at uncontrolled intersections. Additionally, the bike lanes end before the school complex, then start again, then end before the shopping strip. Presumably to leave space for more turning lanes. But, really kills the purpose of the bike lanes since they don't go to the two places you'd want to visit!
And another... https://www.google.com/maps/@38.928914,-77.3522244,3a,75y,15...
Sidewalk on one side, so anybody living on the south has to cross a wide road. Unmarked parking on both sides. Bike lanes come and go (usually turning in "sharrows"). If I were king, I'd remove the "free" curb-side parking and put in proper protected bike lanes.
No, generally it works reasonably well. Everyone understands it's a small narrow street and that you need to share. Well, most people anyway. But small footpaths are definitely a downside, and unfortunately also without an easy fix in many cases.
I just picked a random location in Bristol: https://www.google.com/maps/@51.4365588,-2.5893081,3a,75y,28... – lots of Bristol streets are like that, and lots of streets in other cities are like that.
In some places what you're saying does apply, but by and large, it's not like American road design.