Amanda
Yannis sums it well.
It boils down to this in my opinion:
1) Like a Beach Holiday - and very fit - enjoy the hill walking = Great Option.
2) Like a Hotel type / Pool Holiday in a great Hotel/Apt. - and very fit - daily trips into town = Great Option.
3) Like a Hotel type / Pool Holiday in a great Hotel/Apt. medium fit - Occasional trips into town = Good Option.
4) Not so fit & Like a Beach Holiday (bit like me - I would need a wheelbarrow ride to get up the hill these days - LOL), = Poor Option.
5) Like to be close to the nightlife and Beach & V/Fit = 50/50 option as it's a good 15 - 20 min steady walk uphill to the Voula.
6) Like to be close to the nightlife and Beach = medium fit /or not so fit = poor option as it's a good 15 - 20 min steady walk uphill
There are lots of other Aptments or Hotel Options in other parts of town, all very good in my opinion overall.
I love staying closer to the Beach the bars and Restaurants these days.
The Voula will never be my personal choice as I just can't be bothered with the steep uphill walks these days,
in hot sun returning from the Beach, (can be a killer), but I must "Big-up", the Voula in every other way.
It is a very good place to stay - just the location (walking-wise), is the only downside to me, which won't bother everyone.
The plus side is the truly magnificient views up there, which you will not get down in the town.
As was said earlier, great family and place to stay in - my advice - go with you're gut instinct if you feel it suits you - go for it!