The station was built 1.75 miles (2.8 km) east of Steeple Claydon, and constructed to a rudimentary design at the cost of the A&BR, whose progress the LNWR viewed with disfavour.

[3] Plans to extend the railway north to Buckingham never materialised and Verney Junction remained remote with a few cottages for tenants of Claydon House estate.

Claydon's occupant, Sir Harry Verney, was on the board of the A&BR which was chaired by the Duke of Buckingham, and he invested heavily in the scheme.

[9] Traffic was initially "almost non-existent" due to Verney Junction's rural locality,[10] but the Metropolitan Railway under the influence of Sir Edward Watkin nevertheless saw an opportunity for growth and absorbed the A&BR on 1 July 1891.

[11] The A&BR would be the line that the London Extension of Watkin's Manchester, Sheffield and Lincolnshire Railway (MS&LR) would meet at Quainton Road.

[11] Not long after the Metropolitan reached its northern outpost, Verney Junction was elevated to main line status with the opening of the MS&LR's London Extension (later to be known as the Great Central Railway).

It played a useful part in the transfer of goods between the interconnecting lines, but passenger traffic declined in the face of the availability of more direct routes to and from Banbury and Oxford.

After closure, the track on the northern section of the A&BR between Verney Junction and Winslow Road was retained until 1961, including the former Metropolitan sidings which were subsequently used for storing veteran railway vehicles.

[22] Until late 2019, this track had remained rusted beyond use and in overgrown state, albeit with modern signage still warning travellers to watch for approaching trains.