The apartment is great for the price. It's situated close to metro, trams and bus station. It was clean and cozy. It's really small but you don't feel claustrophobic there. The area is quite noisy due to railways going really close from the building but it wasn't really annoying in the night time . You definitely won't have any problems reaching to other parts of Prague. Also there is breath taking monument very close to the place - look up Statue of Jan Žižka. It's not really advertised in tourist guides but still a great place to visit.
The biggest issue with this place was very unpleasant smell in the bathroom. It was very bad, especially because you could sense it while laying on the bed upstairs. Other than that I have no complaints.