Alfama's streets are steep and narrow. No chance to get to the entrance by car. If you accept that, then you are going to stay in a very nice and clean apartment.
The next baker with breakfast is 20 m away, the next restaurant with Fado 100 m. Within 5 min one can reach the Museo Fado, where cars can stop.
If you are into a pulsating nightlife, then go to Bairro Alto. If you want a calm stay in one of the most beautiful areas, this accommodation is perfect.