We as a couple in our mid-thirties found it to be a brilliant place to stay. Most of the other guests were of a similar age group and the mood was friendly and relaxed.
The facilities were spot on, with a sizeable pool area, plenty of sun beds, poolside bar serving decent food and range of drinks, fantastic views from the indoor bar and veranda and well furnished rooms.
The staff were very friendly and helpful when you required travel info etc and made you feel most welcome.
The only negative really was the breakfast buffet. After a few days, it got a bit monotonous so we ended up having toast and jam (a lot) as the other items didn't feel very breakfast-like (might just be because we're not used to spinach pie, chocolate cake and olives in UK).
The only other things were the cleaners, who although pleasant and punctual, didn't really clean the floor properly as it was quite hairy under the bed and in the bathroom, which I ended up wiping with wet tissue myself and the lack of shower for guests who wanted to use pool after checking out and need a shower to de-chlorinate. You can extend your room for €23.50, but that's quite a lot if you just want to wash so a shower and changing room would be a great idea.
The walk into town took about 15 minutes, so not bad really. It was nice to be located away from the buzz of it, but not too far a walk away.
If we came back to Faliraki, we would look to stay at the Venezia again.