Our family spent four nights here celebrating an 85th Anniversary. There were 9 of us in the party aged 21 to 85 and we really enjoyed exploring the area, from Cardigan in the south to New Quay in the north, and all the coves in between.
The local beach is idyllic, though it's a very stiff climb back up to the house, so you need to be fit, or else run a car down to pick up the less able (there's very little parking at the bottom). The Ship has great views across the bay from the deck, though the drinks are pricy and we didn't try the food - again it's a good hike back up the hill.
The house is ideal for a family party, though can't vouch for its child-friendliness as ours are all over 20. The big kitchen and dining room were particularly appreciated, as were the comfy beds. The bedrooms would benefit from more shelves and better mirrors for hair/makeup and more storage in the shower room, but not a big problem for a short stay.