It worked for us, a family of four with a teen and a preteen. The location was excellent, in spite of the cottage being located in the back of a lot surrounded by other buildings.
It was very nicely renovated, kitchen, bathroom, big TVs.
The space is very small. The 2nd bedroom with bunk beds is the size of a walk-in closet. The main bedroom is a little tight and the washer and dryer are located there.
But for a budget stay in a great beach town, close to everything you'd want to do and see, this works.