This is a perfect spot to enjoy Santorini. Everything is close by, and view is beautiful from the balcony! It is short walk to supermarket, restaurants/shops (literally right outside the main entrance), Oia sunset, and stairs to Amoudi bay (there are 200 stairs, but its so worth it - restaurants right next to blue/turquoise sea and amazing spot for swimming by the rocks past the restaurants).
Also, Nikolas is very helpful and friendly host, he waited for when taxi dropped us of and he provided us with many tips plus readily answered any additional questions we had.