Dovestone Reservoir sits in the Chew Valley on the edge of the Peak District National Park in the South Pennines. It collects its water from the surrounding moorlands and is surrounded by planted woodlands, a mixture of conifer trees. The reservoir hosts the Dovestone Sailing Club, which sole rights to use its waters, but membership of the club is open to anyone who applies.
There is a path running round the perimeter of the reservoir, suitable for wheelchairs and pushchairs, which is around 4 km (2.5 mi) and the site also features a permanent orienteering course. Paths from the reservoir lead to Chew Reservoir which stands above; and there are also circular walks that pass the nearby Yeoman Hey and Greenfield Reservoirs. The Chew Valley generally is a gritstone climbing area which attracts many climbers and boulderers.