The station opened in 1844 under the name of Leamington and was the original terminus of the then single line from Coventry.

In 1851 the line was extended into Leamington town centre, and joined end-on to the branch line to Rugby, and in 1854 a new station was opened on this extension called Leamington Spa (Avenue), closer to the town centre and directly alongside Leamington's GWR station (which is still in operation).

The station buildings have been demolished and a car dealership built over the site of the goods yard.

The former location of the second and final station entrance is just west of the railway bridge on Warwick New Road, and the platforms are now an overgrown area adjacent to the footpath leading to Rugby Road.

[2] Milverton station was originally intended as a compromise to serve both Warwick and Leamington Spa, however it was never very successful at serving either, as it was located some distance from the centres of both towns.