The house is beautiful and spacious, and contains everything you need. It is only a five minute walk from Krios beach, and a short taxi trip to Parikia (10-20 euros). It was perfect for us as a group of ten people. I would deffinetly go back!
I would recommend to rent a car if possible, as there is no food store near the house. We rented a car for 40 euros per day.