Terrace was perfect for our first BnB experience. The cosy attractive living area with fire and comfortable couches was excellent especially on cold nights. A separate kitchen/dining area was pleasing in every respect. Climbing the stairwell to bed was an adventure for us in our seventies but worth it. ( If narrow, old style stairs are an issue for you , maybe reconsider.)
We loved the location so near the city- we walked everywhere enjoying the architecture , history and bracing weather of Hobart. We also appreciated Russell's suggestions for a nearby restaurant and food store as well as other useful tips.
Why would we ever stay in a boring cramped motel/ hotel again when AirBnb is available?