Just all you need for a day or a few in Malta. The airport is 20-25 minutes by walking. The walk to the airport during the day or night seems to be no problem at all, quite easy to find. We even went to Valletta from the place one day - the road took about 1-2 hours but the experience was worth it for sure (we like to walk in general). I would not suggest walking to Valletta when it is dark outside due to a 2-3 minute walk on the side of the road without regular sidewalks. Anyways, in general it is ok to go. Don't worry, you don't have to walk as we did because there are couple of busses nearby quite frequently going to and from Valletta. And from Valletta to wherever you want in Malta...
The room is quite big, it has it's own washroom (a sink, a toilet, a shower), kitchen is sharable but equiped well enough (a refrigerator, a stove, a washing machine, all necessary kitchen tooling, etc.). A supermarket is quite nearby too - 10-15 minutes of easy and nice walk.
If you have requirements of a regular person of nowadays flying there and there once in a while and prefer to stay in the place that offers you the best value for the money then this is really the place for you. The place is not extreamly luxurious but I assume regular travelers will be happy and satisfied as me and my wife is now! :)