The view was definitely unbeatable. You can watch Lake Wakatipu from early morning to late night on your bed. And I think this is the best angle to look at the lake unless you're at Skyline.
It was close to downtown too, about 7 min drive.
However it did bother me how I can easily hear the living room next door and smell the host's dinner. I had to open the balcony door to let go the smell when it's already cold outside in the night. I expected better space insulation.