REALLY central! In the thick of everything, plenty of restaurants and bars nearby, as well as shopping, tourist hotspots and travel links. In spite of all this it is surprisingly quiet. The flat is lovely and bright, and the terrace is glorious, not overlooked and plenty of sunshine all day. The shower is very good and for those of a weak disposition to heat, the air con is excellent. I'd say you should be prepared for the stairs but let's face it, if you're in Madrid you're already prepared to get your steps in! The oly tangible negative for me was the mattresses in the twin room being somewhat uncomfortable. Slept on the sofa in the end, much better night's sleep! I'd say this place would suit a group better, to spread the cost. Also, you'll find that everything really kicks off later in the evening when everywhere opens up. That's when you'll really appreciate how central this special flat is. I thoroughly enjoyed my stay here :)