It's a great little guest house offering excellent value for money. As a guesthouse it's only really a place to sleep, with no restaurant etc but there are a large number of food options very nearby including a very cheap (good) Thai place and also Italian, Greek and Sandinavian restaurants within a few blocks.
Penzy has contacts to help out with anything you need, from transfers, bike rental, tours etc, and also has various discount restaurant vouchers.