Location is great, an easy 15-20 minute walk to everything downtown. The cottage is very cute, but be prepared it's really two rooms, pretty small. Probably better for a couple. As two former college roommates it worked ok. Pull out couch was OK, but you have to make it back up each morning to have a living room. Be sure to open blinds otherwise it can seem dark. Only outdoor space is pull a little table/chairs onto the sidewalk, not exactly picturesque but works in a pinch if in need of some Vitamin D.
The other half of the cottage is a FT resident. The walls are thin and it's literally a door that's locked that separates you (i.e. you're able to smell the bacon they're cooking in the morning, strongly). We had an unfortunate experience of them being very loud, which soured our experience and prevented a good nights sleep, but hopefully a rare occurrence.