The location of Ernesto and Rey’s place was great. We could walk to most museums and the metro very quickly and there were many good local restaurants and bars to choose from. In terms of the house, it is a lovely old building, however, we managed to stay during a heat wave in Madrid so we found the place just too hot. If you plan on staying in the summer just note there is no air conditioning and only a small fan. But if you are someone that doesn’t mind the heat, the place would be great! I would definitely stay again in cooler months :-)