It was first opened in 1887, as part of the rapidly expanding Midland and Great Northern Joint Railway.
Following closure of the line between Melton Constable and Sheringham, the station buildings at Holt were demolished and part of the trackbed subsequently reused to construct part of the A148 Holt bypass.
It would link together Sheringham and Wymondham using the existing lines of the NNR and the Mid Norfolk Railway and laying some fresh connecting track on old track-beds.
[4] The project is facilitated by the fact that reinstatement through Holt remains technically possible as the A148 bypass was built so as to leave sufficient width to enable a single-track railway line to be constructed alongside it.
From there it would continue in a cutting running beneath Station Road and Norwich Road before rejoining the line's original alignment to reach Melton Constable.