In the end - a fantastic place to stay and I would recommend it to anyone.
You are in the heart of Valencia in the oldest district. We walked most of the other districts and this area was the most alive with the most people. Now when we first got there we thought the noise was gong to be an issue - the pubs and restaurants right next to the apartment where loud with sports fans and people. BUT the bedroom is in the back so when it is time to go to bed you do not hear any of it. So you get the best of both worlds in getting to look out of the balcony and see everyone and experience what is going on but can still get a quiet sleep.
The coffee shop directly below the apartment balcony says GOAT for greatest of all time and you know what it is the best coffee in Valencia. The grocery market is three doors down on across from the front door.
This place is not perfect and of course, the shower could be bigger and certain things could be updated but we loved the character of this place and would stay here again for sure.