The apartment has enough room for quite a few people - we have three kids and a baby - and was nice and clean.
You can walk to everything in Bologna from there and the neighbourhood, which is just outside the old wall, felt safe.
Our one issue was that the neighbouring apartment directly above seemed to be running a commercial operation of some sort like a gym or a dancing school which made noise all night. Apart from that, if you are a sound sleeper, this is a good value for money apartment.