Great location! You're in Gaia, about a 10-minute walk from a bunch of restaurants, 7G roaster cafe, and a few markets. From there you can take a water taxi over to Porto. It's also a cheap uber ride (about 6 euro) and a 35 minute walk if you want to just walk to Porto.
It's a small studio space, but everything is practical and works. I was very comfortable for my month long stay.