A perfect location!
It is close to public transport (tram across the road that leads into the city or to the beach); easily accessed if using a car, and has great parking (particularly for Melbourne!); and is near the Albert Park Lake for long morning walks.
It is an older building, but the apartment has all the facilities you could ask for, and as we stayed longer term, it suited us well. It is up a flight of stairs on the second floor. There is really no outside area to sit out in, but because there are shops and pubs nearby, you don't really need that.
The kitchen is small but very practical...although sharper knives could help, for preparing food. The two bedrooms are compact, but with lots of cupboard space. The living space is small, but for two people, perfect.
Everything was super clean and everything you could want for a short term stay place.
Thanks James for being helpful, whenever we needed anything.
We highly recommend this place and would return into the future if we were to return to Melbourne. Cheers... Jenny & David