If location is all that matters and you plan to eat out and spend your nights out then this would spot would be great. It is on a very busy street in the centre of one of the main tourists area. You step out the door and are right in the action. However, the apartment is poorly equipped. Only 1 wine glass for example. It is very noisy from people in the street until 6am, although the bedroom is in the back of the apartment which is nice. So I would recommend if you don’t plan to spend much time at the apartment because of its location but if you are looking for a “home” in Madrid for a few days this is not the place.