Great place, close to the train station and within walking distance of everything you need, restaurants, coffee shops, beach and Santinis (the best gelato in Portugal).
We really enjoyed the varanda, the comfortable bed and the Wi-fi was good enough for 2 people to work for a week with no issues.
Like others said, you can hear the traffic outside during the night if there is any but it isn't a big deal. The kitchen has everything you need to cook but it's minimal so if you want to have a long stay and cook every day, it may be frustrating.