The station building has been reconstructed by a Derbyshire couple but the platforms remain in situ. The station house is intact with extensions. The Newbridge on Wye Station signal box was found on a farm being used as a chicken shed by John Wake and now has been reconstructed and sits on the exact site, and size, of the Erwood box. It is owned by Wake but on permanent loan. It was rebuilt with help from the Radnorshire Wildlife trust as a bat and bird observatory. The station now is a craft, gift and wood turning centre with a tea/coffee/cake shop. It is open daily from Valentine's Day to Christmas Eve.
There are three old clerestory Great Western coaches at Erwood on the platform edge. Two now house craft exhibits and the other awaits preservation. There is also a Fowler 0-6-0 industrial diesel locomotive at platform edge. Looking worse for wear it awaits restoration. The trackbed of the line is now a B Road and the stations nearby of Llanfaredd, Llansteffan and Aberedw have been demolished. Nothing remains of them nor of their sites. There was a goods yard at Erwood and the old Weigh Station still survives and is in situ. A raised cattle dock can still be seen. The GWR crane from the shed lies on the platform.
There is a walk down from the station to the River Wye and there is a sizeable free public car park close to the station.