The apartment itself is great. Spacious living/dining room, super comfy bed and comforter, great shower, and plenty of closet space.
The location is central to tourist stuff: hop on/hop off main bus stop is just 1 block away, the free walking tour meets right outside the door, and the local artisan market is right in the square.
The downsides? It's really noisy. The vendors set up their booths (with metal poles clanking around) early in the morning. And late at night there were often people yelling.
The area is not somewhere you'd walk around at night -- at least by yourself. But I think that's true with a lot of Cape Town.
Be sure you get really good directions on how to use the washer (and dryer). Most people in CapeTown seem to dry on racks, but after 4 days my clothes were still damp.
Michael was very communicative, friendly, and helpful. There were a couple issues that came up (likely not anything that would come up again), and he did his very best to resolve them as soon as possible.
I would recommend this place if noisy mornings won't bother you.