The good: Fantastic location in a cute neighbourhood with a supermarket close by and really good Thai restaurant across the road. Def recommend if you want takeaways or dine in - lovely staff too.
The not so good: The beds are pretty uncomfortable and saggy, with springs that poke into you, but would be ok for a night or two (we were there for 5 and it became torturous by the end). Stovetop was broken so cooking was limited. Parking was a bit of a pain, and we had to park up in a side street a few times.
Overall - decent value considering Hobart is pretty expensive, but lacks home comforts.