Newcastleton is a planned village, officially established in 1793 by the then Duke of Buccleuch (although the date that building started on the land in question is debateable, as documentary evidence exists that would place the earliest houses being erected nearly 5 years earlier.)
Newcastleton is a village that resulted from the Lowland Clearances, when, much as in the more well known Highand Clearances, the landowner preferred "sheep to thinking men, ah but men that think like sheep were even better" - the settlements of Ettleton to the south in Liddesdale, Castleton to the north, and the original one at Copshawholm, were cleared and the people offered leases to build new property in 'Newcastleton'. Newcastleton is situated on the former Copshawholm, and the old name is still often used, locals refer to the village as 'the Holm'. The stump of the old mercat cross can still be seen from the Jedburgh road near Castleton Farm, and the earthworks from the eponymous castle are just visible in the field across the road, although there is no public access to either. (The quoted lyrics above are from the song 'No Gods' by Brian McNeill.)
There are three squares on the 'main road' through Newcastleton, only the largest and central one has a name, Douglas Square. There are infomation boards in the square, ample parking, and two hotels. This nano has been placed to encourage the visitor to learn more about the village, and as a quick 'start' to a caching walk that includes a range of other caches, and takes the cacher in a circular route allowing views of not just the village but also the surrounding hills, and passes through pleasant mixed woodland.