The stone cottages that make up the hamlet were largely constructed to provide houses for workers for the railway in the early Victorian period. The hamlet is named after Lord Verney of Claydon House.
At one time there was a railway station at Verney Junction, which was linked to London via a tramway. It is considered among one of London's disused underground stations, though it is a long way from London itself and isn't underground. See List of closed London Underground stations.