The location is really good if you want to be in the heart of the activities. The place itself is just a step above a hostel. We selected it as being a 2 bedroom apartment since we were 3 adults (1 couple and one single). There is 1 bed built above the toilet, 1 bed basically in the kitchen, and 1 bed in a bedroom. Unless you are in the bedroom, you have no privacy from anyone else in the apartment. We arrived in Prague early in the morning and because of the late check-in for the apartment we ended up getting a hotel room elsewhere for the day (and first night for the couple).