The location is superb. I was able to go see all the sights and after I was done I was pretty much already back at the apartment.
Miguel was very nice, though his English is limited. His mother was very sweet, although she speaks literally no English at all. The morning breakfasts were basic but welcome.
Please note that the room does not have any windows, and it can get noisy with cars driving by and people in other rooms snoring.
Overall definitely worth the price and perfect for exploring Madrid for a few days!