Just as pictured, this place is true amazing for its value. Very spacious for a couple spending some time in Madrid, plus the location is perfect. The royal palace and mercado de San Miguel is just 5min walk away. It's in a busy area for the weekends, however it's located just far enough to avoid the crowds and I barely heard any of the street noise. Also a great space to have a calm evening with friends maybe for an easy board game evening! Although no parties allowed - it is a quiet and peaceful building with kind neighbors.
Don't hesitate. Book this place for you next visit to Madrid if you value location and comfort and can spend just a little more for it. You won't regret it.