Great location in the historic Alfama district. You need to be physically fit though, lots of steps and hills. Loads of great eating and drinking establishments nearby.
Hugo and Silvia are thoughtful, helpful and attentive hosts. They really helped us out, especially when we locked the keys inside on the first night! Great tips about arriving and parking as well. We loved our weekend in Lisbon - gained some weight too, which we tried to work off in the steep streets of Alfama, but didn't succeed! :)