There is a Alexander Bailey in the Griffith valuation in 1864 - in Clonshannagh, which is in the same parish as sheepwalk.
I tried to trace this through the valuation revision books and I can see it going from a Robert Bailey to an Alexander Bailey in 1888, and then I think its sold in 1899 to William Godfrey.
Note - There is no baileys in Clonshannagh in 1833
There is a child Emma, born to an Alex Bailey in 1865
http://www.rootschat.com/links/01mwl/There is a marriage for an Alexander Bailey in 1869
http://www.rootschat.com/links/01mwl/