A decent place, nicely decorated and clean. It's not brand new but it's sufficient. The biggest problem we had was that the shower drain is a bit blocked so it overflows very quickly, hopefully they resolve that soon:)
The neighbourhood is fine, it looks better than what google street view presents so don't be put off by that it's definitely a very 'normal' neighbourhood. For food it's worth checking out Mercado de Arroios and the area around there.
The closest metro station is Arroios which is a 10 minute walk but also there are a few buses that stop nearby.
Miradouro do Monte Agudo is a 15 minute walk away which is a great viewpoint that's not very busy.