Great location for exploring Madrid: walking distance to lots of cafes, bars, restaurants, shops. Recently done up bathroom with a good shower. Easy communication with the company looking after the property.
However (as mentioned in other reviews) it’s VERY noisy on the street outside. People shouting/walking past (imagine it would be worse in the summer) and the bin system in Madrid means lots of banging when they collect them in the middle of the night every night. The shutters in the bedrooms don’t fully close so it’s hard to sleep so definitely bring earplugs.