The flat is very nicely located and easily accessible as it is not in the middle of small streets (the sight of lost travellers with suitcases in Alfama is indeed a common one ^^). We enjoyed the neighbourhood and didn't mind the noises from the bar-filled street. It was charming actually, but ear plugs help indeed.

The view from the balcony was really something.

Overall, however, to be honest, we were a bit disappointed. We found it to be uncomfortable on some levels: a hard bed, small and flat pillows, uncomfortable couch, dirty hair dryer, broken shower curtain wetting the bathroom floor...

It is however still a good value for what you pay considering the high prices for hotels and guesthouses in Lisbon. I wouldn't recommend this flat for more than two people as that would be very crammed.

If you don't mind the things described above I am sure you will have a great stay.