We have spent 10 days in Letna 1 apartment in August 2013. The apartment was very comfortable for two persons and had everything we needed. The tram stop is 1 minute from the building, so you can get to city center in about 5 minutes. There is also a direct tram to Pražský hrad. You can also walk to the Old Town through Letna park – is would take about 30-40 minutes.

There are nice restaurants and local pubs around, which are really cheap comparing to places in Old Town, but all of them are closing at 10-11 p.m.