Good area to stay in if it's your first trip to Madrid. You can see Plaza Mayor from your balcony and it is very close to some cool places like Mercado San Miguel, Sol and the Royal Palace of Madrid. As far as location this place is a 10/10. There was only one issue with the place that we experienced during our two week stay. One morning we woke up to the power being out and a huge leak coming from the ceiling in the kitchen. The leak was right next to the sink in front of the window in the kitchen. The floor was wet along with the counter. We had to stay all morning to wait for Ruben to come get the power back on and then also wait for a maintenance man to come fix the oven. One thing that never got fixed was the stove. We were told by Ruben to light the stove with a lighter until the inside of the stove dried and the electric starter began to work again. This never happened and we had to use a lighter to light the stove for the rest of the stay which is completely unsafe.