The location is very good for exploring Madrid city centre and is quiet at night. We loved having everything we needed near by. There are many subway stations close for Tribunal (5 mins), Chueca (6 mins), Gran Via (8 mins) and Noviciado (8 mins) metro. We explored the city center everyday and enjoyed the history, main attractions, monuments, museums, restaurants and tapas bars. The Museum of the History of Madrid is a must see (Museo de Historia de Madrid) 5 min walk opposite the Tribunal metro. Unfortunately we did not like the apartment as it was cramp, poorly insulated (cold) and poorly maintained. I also refused to pay the 50 euros in cash for cleaning and 95 euros for the bills (power and water etc). If you do pay cash make sure you request a refund via the Airbnb Support desk. This apartment is expensive for its size and overall state. I discussed all my concerns with the host in the first week, but she is determined to take cash from all guests.