Definitely a great location in this price category. The place is in an old building, which means a very small bathroom and shower and crackling wooden floor, but it has a great balcony and 10 min walk to the center of old town. We also loved jogging in the morning to the opera and around Christianshavn or going for dinner to the street food island.
We enjoyed our time there and would recommend the place specially to young people or young families.