In official literature it is shown as Alresford (Hampshire) in order to distinguish it from the station of the same name in Essex.

The station reopened on 30 April 1977 as the western terminus of the Watercress Line, a heritage railway.

Alongside the station a goods shed was built which is now used as a shop, as well as meeting and tourist facilities for the railway.

Adjacent to the station is a large warehouse which was built in 1873 as a mill, later used as a factory, it is now used for offices and is Grade II listed.

It is unlikely that the line will ever be re-extended towards Winchester, because the M3 motorway and new houses have been built at various points along the former route.