Nothing is perfect and this apartment is no exception. It's placed on a steep and narrow street, with limited parking (as the rest of Funchal for that matter) and with two flights of stairs with no elevator.
But the accommodations are pretty sweet. It's got an open living and dining room, with a large enough sofa and table to seat everybody. Two bed rooms, one with a double bed, the other with two singles. Sure, it's all furnished with Ikea but everything is functional.
The kitchen is fully equipped, only lacking in those small items one can't share with other guests: tables cloths, napkins, those sort of things.The refrigerator is somewhat noisy. Bothersome during the night.
The only bathroom is roomy but a little poor on furniture, making it somewhat uncomfortable for a small family. The shower is on a tub and age starting to settle. And it tends to smell somewhat like a sewer sometimes. Keeping the windows open throughout the day solved that.
But the best part is the view you get over the city. That was pretty sweet. We even got to see a Saturday night fireworks show from the "balcony". That was lovely.
Finally, my kids and wife thought it was great and one of the best we've encountered on our holidays. That says something, right?