Known locally as Lady's Well, a name that strongly implies religious veneration, it carries no recorded tradition of ever having been used as a holy well, and no pattern days, the communal acts of prayer and ritual circuit-walking that were the hallmark of active holy wells in Ireland, are documented there. Whether it was ever a site of devotion, or simply a natural spring that acquired a devotional-sounding name, remains an open question.

The well does not appear on the first edition Ordnance Survey six-inch map, which makes establishing its age or original purpose harder than usual. Its position against the north-west face of a field boundary, and the presence of an old stile on the adjacent roadside, hint at practical, communal use; a village well serving Ballinunty rather than a destination for pilgrimage. Lanespark church sits roughly 450 metres to the north-west, close enough to raise the possibility of some religious association, but not close enough to settle the matter. The field itself has since been drained, reclaimed, and reseeded, and the well has been blocked up, with a drain pipe visible beneath the fill, suggesting the landowner incorporated it into the local drainage works at some point.

What remains is an ambiguous feature in a tidied-up landscape: a name with strong Marian associations, a location that could support either a sacred or a purely practical reading, and no surviving folk memory to resolve the question one way or the other.