I can't imagine a better place to explore Florence. Most things worthwhile are a walking distance away and the location allows you to quickly stop by, pick a couple things or change outfit, and go exploring again. Flat is great for small groups (4-6 people). One thing to add to the page though - it is absolutely necessary to bring earplugs if you want to sleep properly. The nearby square is quiet enough but local street vendors use the street two times a day to move their cargo around (of course in the early morning and late afternoon) so the otherwise quiet street is filled with a constant sound of heavy carts struggling on cobblestone.