Great location and friendly host (well Michael wasn't there, but Eric was awesome).
Walking distance to Little Italy (abt 20mins) and very close to the air port. We walked to the harbour also without much problem either.
Planes do fly over the house, however, unless your a light sleeper you should be fine.
Parking is on a first come basis, however, we always managed to find parking.
There is a hot tub is the garden, but didn't have time to use it. We also had full access to everything in the kitchen, but again didn't get time to use it.
There are also 3 communal bathrooms, so there is never a queue.
We stayed in the loft, which was fine and had some cool sky lights.
The only problem with the loft is that the stairs leading to the loft is extremely narrow. So if you are of bigger build or have large suitcases, I wouldn't recommend the loft, just choose one of the other rooms in the house.