We had very pleasant stay. This place has everything what you require for your daily use. And its walking distance to all main tourist attractions. Restaurants are cheap and plenty of options. Good public transport connectivity.
Cut short its worth staying around kumkapi. You will definitely save a lot of money on transportation and food.
The only down side is traffic is very hectic in this area so if you are planning to use taksi make sure to have a big pocket.
Thank You