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Bowerstone South has an entrance to Bowerstone North and Bowerstone Quay . It also has a Tavern, Clothing and Armor Shop, Weapons Smith, a Barber, a few normal houses, a school house (the only one in Albion), and a house you can buy. It also has a lot of chickens. Most of the little children are living in shed-like houses by themselves. In Fable: The Lost Chapters, there is a quest about one of the children being sick and needing some medicine near the back of the tavern.
Weapons are not allowed within Bowerstone, most likely due to the existence of children there.