Perfect place to explore Prague. We stayed with our kids (8+12years) and place is big enough for us. With all nessecary facilities.
1 minute walk to tram that brings you to the centre. And 5 minute walk to central area with shopping facilities, bars, restaurants and public transport (tram, metro, bus).
We walked to Prague centre in about 20 to 30minutes and to the Prague st Vitus cathedral in 30. For us walking is the best way to explore a city. For example we came up to a little park at the Campo area called Vojanpark. Think we were only tourists there.