Okay, the area immediately around this place is NOISY, especially on weekend nights/mornings where people are yelling and chanting in the streets below at 03:00. Personally, I enjoyed it. But if your top priority is peace and quiet at night, then you may need some ear plugs, or to just go and join them :)
The little terrace is fantastic. Probably my favorite feature of this place. I sat out there every evening and enjoyed the great ambiance provided by the guy playing his guitar on the bridge.
Overall, the location is fantastic. There are two little shops right below, a laundromat around the corner, and a wealth of restaurants nearby.