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Perfect.
Want to take your workouts up a notch? Throw in a bit of kettlebell training. Love it.
The equipment is pretty simple. I personally use the Dragon Door kettlebells; all of which I'd highly recommend. Beautiful things.
In terms of space, the workouts don't require all that much - though it's great if it's available. As long as you have room to swing the bell both in front of and behind you, and to press it overhead, you'll be fine.
There are many, many ways to train with a kettlebell. Here are a few of my favourites :
If you're just getting started, grab a copy of the Kettlebell Training Clinic DVD. Superb.
There's actually quite a bit of info (both online and offline) available on kettlebell training methods, including :
Kettlebells are one of the few training tools I take with me wherever I happen to be working out (in the home gym, the backyard pool, the local park and so on). Once you try them, you'll quickly see why. Beautiful things.