The apartment was really nice! My friends and I enjoyed staying there. If you don't mind walking a couple miles, its walking distance from the ocean as well as downtown Porto (across the bridge) and downtown Nova de Gaia (where there are more wineries, near side). Plenty of public transportation if you don't like walking too. The only complaint about the apartment itself was that even though we provided our flight arrival time to the managers several days in advance, we still had to call upon arrival at the apartment to have someone come meet us.
The apartment would be 4 stars if it weren't for the booking charge scam. The apartment is advertised as $62 a night with a $249 deposit (435 USD total for 3 nights). Well, I was charged 437 EUR instead (564 USD on my statement after conversion). Thats 129 USD more than advertised. I contacted Holiday Lettings UK (TripAdvisors booking company) and have been told by three different people that its a currency conversion charge and to contact my bank for any error. But its not a problem with my bank. Holiday Lettings are the ones that charged 437 EUR to my account when the website clearly totals up to 435 USD. Thats $105 a night, not $62. You can find somewhere closer to downtown for that price.
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The apartment was lovely, more than enough room for three adults and two small small children. It was spacious, well equipped and well maintained, and is a five minute walk from a big supermarket. The only reason I've not given five stars is because of the location. It is a ten minute car journey to the beach, twenty minutes to Porto city centre, and not many restaurants within reasonable walking distance, so we had to rely on taxis every time we wanted to go anywhere.
We found an excellent local Gaia taxi company - +351919468229 - who arrived every time within minutes of us phoning.
If you have your own transport, then yes I'd recommend the apartment.