So you have a living room for just the 4 of you, is that right?
I'm in uni halls and theres CCTV everywhere on the outside, stairs and the common room (the only living room type place for the entire hall) we don't have seperate living room, just kitchens in each flat. There's no CCTV in the flat, just corridors between flats and stairs there is some.
If your worried about it being in a living room then I wouldnt because mine has CCTV in there, but if your worried about it in your flat then that's harder for me because we don't have CCTV in there, but I do think your right, if theres only 4 of you then you should be alloued some privacy.