Imlad Gelair

Recently I've been complaining about the ridiculously far crafting area in Rivendell. Some older players online showed me a "hidden" area called Imlad Gelair. It's just south of the Falls of Imladris, in the south-eastern part of the valley. If you're approaching Rivendell from the south, head east at the fork in the road. That path leads to a bridge going over the river. Just before the bridge, there's a dirt path going off to the east. Following that path will lead you to a door in the mountainside. Entering that door will lead you to Imlad Gelair.

(Rivendell as Seen From Within Imlad Gelair)