You're definitely paying for the view and terrace in this simple studio which is true to the photos and description and very well positioned but the studio it self is rather simple for the price you pay. The 180 degree panoramic views of the Caldera and the classic Oia postcard scene is to die for but the accommodation is not as comfortable as you might expect and seems to be a trade-off for the views and location. Also, the hot water pressure was a big problem, coming out at a trickle, meaning a luke warm shower at best. Cold water pressure was fine so I can only put the issue down to the internal hot water system.
The studio provides everything you need and is kept spotlessly clean but lacks in quality and comfort so consider that if these are priorities to you.
Overall our stay was a positive experience but was overshadowed by the above mentioned issues which could be easily fixed with an update of furniture and hot water system.