This is a great value. Apartment is as advertised. You are in the heart of Plaza Mayor. Air conditioning worked very well! Literally within walking distance of hundreds of shops, sights and restaurants.
However, if you're looking for quiet during the night time, this area would not be for you. lots of partying going until 1-2am as the area is still very alive. It reminded me or the French Quarter in New Orleans - Great place to hang out but not ideal if you're looking to sleep early. But if you like the nightlife, then by all means i can't think of a better place to stay!