I loved staying at this lovely little flat in Valetta: the view may be its most obvious and chief attraction – and I spent many an hour on that tiny but perfectly positioned balcony – but the location itself is hard to beat: you are within a few (as in 3 to 9) minutes' walk from everything that matters in Valetta, including the ferries to the Three Cities and to Gozo just below you, and those to Sliema on the other side of the peninsula; and if you have any choice in the matter, make sure you include a Friday night in your visit, because then just a few paces from your doorstep you'll get some splendid summer night jazz at The Bridge Bar.
It's an old building, so there is no air conditioning, and the kitchenette is very basic, but there is a ceiling fan and a strong additional fan to keep cool, and there are so many nice restaurants just a stone's throw from where you are, you'll hardly be doing elaborate cooking.
This place has real personality and soul, so if you want somewhere special to stay in Malta from where to explore this magnificent island and its smaller neighbour, I can wholeheartedly recommend it.