The pub is situated next to the Welshpool and Llanfair Light Railway station. It has an olde world atmosphere and is popular with diners. There is an old photo in the bar at The Raven which shows the site as a row of old cottages, the centre one being an ale house called The Black Lion. The pub is listed in Slater's Directory of 1858 as the Raven with Samuel Oliver as landlord. The pub has now expanded into most of the cottages. It pre-dates the light railway which opened in 1903. The line now terminates at the rear of the pub, but in former times carried on through the town to a terminus near the main line station. Reopened in May 2018 after a major refurbishment. It is contemporary, clean and light while maintaining the traditional and historical elements of its previous incarnations. There are 5 different spaces that all flow through the pub, two open fires, oak and slate flooring, and an eclectic mix of furniture. The pub has its own loyalty card scheme.