You find everything you need! We liked the apartment, its true its rather small and it smells a bit outside (and from the balcony). In summer it gets very hot because you cant really circulate air. But you really have everything you need there, even a washing machine, coffee machine and they are very interested in helping you out in case of questions.
We stayed for one week and that was fine - after a longer time it might be a bit too small. Regarding the location: the quarter is alright, with a pretty church and a park and a small super market just around the corner. We did everything by foot but you have to like walking cause to the center its around 40 min walk. But the part dieu station is just at hand that's very comfortable when arriving!