A great place to stay and very conveniently located. There are a couple of tram stops within easy walking distance, some great cafes and eateries very close, and the beach is only 1 block away.
Easy parking and short drive to local markets, DFO, or the city - but the tram makes driving a non-issue.
The beds were VERY comfortable (that's very important), kitchen well appointed, and the shower had great water pressure.
In this part of Melbourne you can expect there to be a bit of external noise - you get used to the trams. We didn't have any parties or real noise about the place other than some cars going past or people walking around the area, so it wasn't unlike any other metropolitan location. We did bring our dogs with us (this is a dog friendly place which is 10/10) and they were probably the biggest issue for us as they responded to new noises - if we had come without the dogs (Cavoodles) we'd have had no issues at all.
Overall this was a comfortable and convenient place to stay.