The village, sometimes known as "the village of the roses", was established and laid out to serve Waterstown House, the remnants of which is located on a hill south east of the village. The Harris-Temple family lived in Waterstown House which was built in the 1740s. The village was laid out as a straight street without a central square or common. At the south end the school was built to educate the children of the employees of the big house. This school was built for Isabella Harris who believed that education was one of the elements which could prevent the repetition of the distress experienced during the
Great Famine of the 1840s. The core of the village consists of a late 18th/early 19th century terrace of two-storey rose-covered houses. Modern residential developments took place on all approaches to the village in the late 20th and early 21st centuries. A small river, the
River Tullaghan, flows through the northern end of the village and then flows south to
Killinure Lough, a part of Lough Ree. The village is overlooked by
Caraun Hill. Close to the village, in an area which was originally the deer park of the Waterstown demesne, is Wine Port - so named because wine was brought from France and Spain by boat and landed here, and brought to the cellars under the house by cart. ==Amenities==