This stay was one of the pleasures of my life.
The room is clean, comfortable and spacious. The street is one of the atmospheric, characterful alleyways winding through central Madrid, and the room has a balcony overlooking it. If you like romance and character, this is the place for you!
Jesús and Maria Teresa are just fabulous as hosts. They made every effort to surmount the considerable communication barriers, which was really touching. They are just such warm, loving people. I really liked them, and it was an honour to be hosted by them.
In general, it's an alive neighbourhood, but not crazy. If you know the Marais in Paris, you'll be reminded of the romance and charm, the small alleyways and restaurants. There are wonderful quirky clothing stores and esoteric shops down Calle del Mesón de Paredes, which are fun.
There's a lot of good restaurants and food in the area, so you'll have no trouble finding things. Simple, close options for newcomers are Gomez & Gomez for pizza (at the end of the street) and La Barre Dulce (one left turn) 250m down Calle del Mesón de Paredes, for breakfast. But after the first night, I suggest you try some of the many other options.
Overall, I loved my stay here, and Maria Teresa and Jesús were outstanding hosts! I was sad to leave, and I'd recommend this place to anyone. It was such a pleasure meeting these hosts, and an honour to share their home for a week. Maria Teresa and Jesús, gracias!