Pretty much exactly what I expected.
Its very close to the central area of Madrid. Everything is walking distance (we covered pretty much everything in Madrid in 2 days by walking). Called Maria as I got to the apartment and she answered straight away, very easy to speak to and helped us get in (her English is very good) . The room was as expected, Bed and sofa were fine, no issues. For the price, there's no complaints.
There's work being done to the building overall, but the stairs, the hallway to the room and the room itself is perfectly fine.