Great location (1 min from the open air market and about 7/8 mins from the main street with all the restaurants. It's a cute little place with everything you need. It's a bit rustic but I knew that and I personally loved the charm of it. You do have to climb three floors of stairs so it might not be for everyone. I had no issues with the noise from the bar, maybe I got lucky ( I stayed 4 nights). I didn't find the area unsafe either, I was walking home around 10 pm most nights by myself and nothing happened.
Two pieces of advice - bring mosquito repellent with you (the kind which you can plug in). I stayed here in peak of Summer (July) and I got bitten every night!
And just note that there's no AC. I was personally fine but it might not be for everyone.
Both the hosts were very easy to deal with and prompt in their communication. Overall, it was a great stay.