Overall, the place is a very good value. It is located within walking distance of several busses that will take you to downtown Austin, and the space itself is very organized and cute. For two people, the place is perfect.
It is, however, located a little bit awkwardly far away from some other places relatively close by, as the crow flies - on account of most of the busses going towards downtown and the university, rather than South towards East Austin. All in all, it was a great find, and I would definitely stay there again.