It opened on 19 February 2006 and mainly serves the adjacent Warrnambool campus of Deakin University.

The intention to build Sherwood Park was first announced during the 2002 Victorian state election.

Patronage data showed that only 1,814 passengers used the station in 2016-2017, an average of five a day.

[4] Sherwood Park has one platform and is served by V/Line Warrnambool line trains.

[5] Platform 1: Transit South West operates two bus routes via Sherwood Park station, under contract to Public Transport Victoria: