If you are used to walking or catching public transportation like we are, Nikolina's place is the perfect location for you. Karterados was a short walk to the heart of Thira (which was too busy for us) and located near the bus stop. The only bus that stops regularly is the airport bus, so if you want to go to Perissa or Kamari beach (or any of the villages along those lines) you need to flag the bus down. We were really happy with the location and the place, it was beautiful.