This is a great place to stay if you want to be in the center of it all - everything is walkable. Like many of the other reviews have stated, it does get very loud at night and is on a very very steep hill. However, even as a group of 5, we didn't feel cramped in the living space.
The space itself is older given that it is in the historic part of town, so do note that it is very humid (walls are dripping at places) and the ceiling do have water stains. However, we thoroughly enjoyed our stay and would recommend to others given the value.