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The apartment is tiny, but is within 100m of the Gran Via, and is clean and adequately equipped. We were met by Jesús who showed us how everything worked, and made sure we were settled. Mercedes was also in touch to check everything was OK. From this base we were well able to explore Madrid. So we can recommend this, but be aware of the compromise you are making. If you want something this close to the Gran Via which is spacious you will pay a lot more.
There was some work going on in the building during our stay, drilling and so on, but it was quiet in the evenings and at night.
We loved this apartment. It was very clean with lovely fresh-smelling sheets on the comfortable bed. The apartment is just a very short walk away from the Ópera Metro station making it very easy to get anywhere in the city. There are many major tourist attractions within walking distance such as the Royal Palace, the Puerta del Sol, Plaza Mayor, Mercado de San Miguel etc. There’s a handy supermarket just opposite, and a great vegetarian restaurant just a couple of doors away. We wouldn’t hesitate to return.