The house is located right next to Istiklal Caddesi. A busy street very near all the nightlife and which leads to Taksim square. The subway station is a 2 minute walk so it is a great place from which to travel to the rest of Istanbul.
The house has four bedrooms with a shared kitchen and living room. I had the chance to meet many people who were renting the other rooms. The house itself is very clean and has everything needed including drinking water so you don't have to buy it yourself. The bedroom itself was better than most hotel rooms I have seen so far.
The price was excellent, especially considering the location and the amenities. I recommend it wholeheartedly.