We chose location over house Op, in fact the house you linked to looks very, very similar to ours! We love our location, we have greenery, lovely walks on the doorstep, teen can walk to school etc. We would love to be in the village where most of our family live but we don't want to have to open up a taxi of mum and dad company ;) We will move there when the time is right for our 'forever home.'
Whilst we love our little street that we are on, I will warn you our 70's house that is like the one you linked to is NOT solid! For us that was just a myth! We can hear our neighbours coughing, their bathroom light going on and off and their shower running, though worse of all they are chain smokers and in just one of our bedrooms (that we have as feel it's a bit crap to put any of kids in it!) it smells very smokey in there at the end if each day. We are hopeful sealing the floorboards and getting carpet laid will help that, we are just waiting for plastering etc to dry out so we can paint first. We had/have all sorts of smell busting gadgets going in the bedroom but doesn't really make much of a difference. My work clothes can sometimes smell of smoke dependent where I put them in the bedroom - it's no fun :(
We will be living with this until we buy our final house, as I've just resigned myself to it now after lots of tears and arguments with OH as he is not noise or smell 'sensitive' haha, he walks around oblivious! I can't :(
We are making the house lovely though, making it our own and when I look out the window I am glad we are in this location - just that your house is not that mythical ex authority solid!