Define convenient? Do you want to walk out the front door and across the street to a pub? Or are you looking for a place where you are 5-10 minutes from the office by cab or shuttle bus? Hillsborough is not that far from Central or LKF via cab or shuttle, and you can actually walk to LKF in 12 minutes from there down Old Peak Road (getting back up the hill is a different story). There is a grocery on May Road less than five minutes walk.
The places in that part of Midlevels are relatively car dependent. You won't walk out the door and find a good Italian place instantly. But then again, you also will live in a place that is a bit quieter than other parts of the Midlevels.
Guess it comes down to what you are looking for.