Great location in Chueca, a lovely neighbourhood full of restaurants. Although it is near a bustling street, there is not too much noise inside the appartment.
Our only problemn was that the flat was too small to share between three adult friends. One person had to sleep on a futon on the floor, which barely left any space to move around in the room. The other two shared a double bed. So more advisable for a couple with small child, or just two people.
Otherwise the kitchen and bathroom are very nice.