It is a fairy tale like cottage with one bedroom, a small kitchen, and some books. There is a basement, but it's just a pantry filled with food.
Unfortunately, you can't find your way to it without Splendor Man leading you there. This is because it's location always changes, which is why you shouldn't leave the cottage's surrounding area without Splendroman, or you'll lose your way.
There's nothing dangerous in The Woods , it's just inconvenient.