This place is great! My wife and I loved the location. Located on Rua Augusta, a pedestrian-only street, you have shops, restaurants, gelato, and bakeries just outside the door. Rossio transit station is just a couple blocks away so getting to and from major transit hubs are easy. We recommend you take the self-guided Rick Steves’ podcast walking tours to explore the area. The tour starts just down the street and takes 2 hrs.
The house can easily sleep 4 or even 5 if you use the couch in the living room. The only issues we had were a) that the hot water runs out after 1.5 showers so space out your showers out and b) if you’re a light sleeper you might have issues with the restaurants staff stacking chairs and tables at the end of the night and unstacking them in the morning.
Other Recommendations:
Breakfast at Dear Breakfast
Lunch at Dallas Burger Club
Dinner at Mar ao Carmo or Ze da Mouraria 2
Gelato at il Gelatone Vitória
Cocktails at Quattro Teste or Caffe do Marzano