The town proper lies in the Sokolov Basin, but the municipal territory also extends to the north into the Ore Mountains.

On the western edge of the town is the fishpond Novorolský rybník, supplied by the stream Vlčí potok.

It was a Slavic village, whose foundation is associated with deposits of tin, silver and iron ore on the upper course of the Rolava River.

Nová Role is located on the railway line Karlovy Vary–Nejdek, further continuing to Potůčky or Nové Hamry.

It is one of the oldest buildings in the region, demonstrating the penetration of Burgundian influences into the early Gothic architecture of Bohemia.