Pros - great location on a quiet street that is close to Bairro Alto where a lot of the action is. Nicely decorated and well equipped. We were worried about the size of the bed based on previous reviews, but it was fine for the two of us (both tall people). Ample space for the two of us, and a nice place just to chill out and relax after a day of walking around this lovely but very hilly city!
Cons - we haven't stayed in a place with such creaky floorboards. Also given there was a washing machine and pegs, a small bottle or some sachets of washing powder would have been very appreciated instead of paying 5 euros for our own supply that we only used once.
Overall we really enjoyed it and would stay there again.