The average Waverley home sold for £560,596 in June, £4,448 less than a year earlier. Detached homes fell 1.7%, terraces rose 0.5%. The full breakdown.

The average home in Waverley sold for £560,596 in June, £4,448 less than in June last year. It is the first time in three months that the borough’s annual change has been negative, and it reverses a rise that looked settled in the spring.

The figures come from the Land Registry’s UK House Price Index for June 2026, the most recent month published (UKHPI, Waverley, June 2026). They cover the whole borough, which is Farnham, Godalming, Haslemere, Cranleigh and the villages between them.

One thing to keep in mind throughout. The UKHPI average is a mean, so a handful of large sales in a quiet month move it. It is not the price of a typical home.

What actually changed

The annual fall is not spread evenly. Comparing June 2026 with June 2025:

  • detached homes: £936,984, down £15,736 or 1.7%
  • flats and maisonettes: £282,071, down £4,168 or 1.5%
  • semi-detached homes: £546,333, up £940 or 0.2%
  • terraced homes: £427,053, up £1,983 or 0.5%

So the fall is at the top and the bottom of the market at once, while the middle held. A detached house in Waverley lost more value over the year than the entire annual change in the borough average, because detached homes are heavy enough in the mix to pull the whole figure down on their own.

The average paid by a first-time buyer was £399,280, £1,071 lower than a year earlier (UKHPI, Waverley, June 2025).

Annual change in Waverley house prices by property type, June 2026 Diverging bar chart of the twelve-month change to June 2026. Detached homes down 1.7 per cent, flats and maisonettes down 1.5 per cent, semi-detached up 0.2 per cent, terraced up 0.5 per cent. The borough average was down 0.8 per cent. Waverley prices, 12-month change to June 2026 By property type. The borough average fell 0.8%. Detached £936,984 -1.7% Flats £282,071 -1.5% Semi-detached £546,333 +0.2% Terraced £427,053 +0.5% -1.7% 0 +0.5% Source: HM Land Registry, UK House Price Index, Waverley, June 2026 and June 2025. Averages are means, not medians. Graphic by Farnham Today
Detached homes and flats fell over the year while semis and terraces edged up.

The month the direction changed

Waverley spent the first part of the year below where it had been twelve months earlier, climbed back in the spring, and has now slipped again. The annual change was plus 1.2% in April and plus 1.3% in May. In June it is minus 0.8%.

There is a correction to record with it. When the May figure was first released, the average stood at £567,214 and the annual change at plus 2.1%. The Land Registry has since revised May down to £562,421 and its annual change to plus 1.3% (UKHPI, Waverley, May 2026). Our own Farnham house prices page carried the first-release figure and has been updated. Revisions of that size are routine in this series, because sales keep being registered for months after they complete, and they are the reason a single month’s number should never be read as a turning point on its own.

Set against the borough’s own peak, the picture is flatter than either month suggests. Waverley’s average topped out at £576,665 in September 2022 (UKHPI, Waverley, September 2022). Nearly four years on, it is £16,069 below that, a fall of 2.8% before any allowance for inflation.

How the neighbours compare

Waverley is falling while the country as a whole is rising. England was up 1.8% over the year to June, and the South East up 0.3%.

Area, June 2026 Average Annual change
Surrey Heath £461,396 +6.1%
Rushmoor £328,963 +2.4%
Mole Valley £540,160 +0.7%
East Hampshire £446,392 +0.4%
Waverley £560,596 -0.8%
Elmbridge £743,525 -2.1%
Woking £433,790 -2.7%
Guildford £523,974 -5.6%

Surrey as a whole was down 1.2%, so the borough is falling more slowly than its county (UKHPI, Surrey, June 2026). Guildford next door is the outlier in the other direction, down 5.6% over the year (UKHPI, Guildford, June 2026). The two boroughs have pulled apart because of it. In June last year the average Waverley home cost £9,775 more than the average Guildford one. A year on the difference is £36,622, nearly four times as wide.

Expensive commuter districts are doing the falling here and cheaper ones the rising. Surrey Heath and Rushmoor, the two lowest averages on the list, are also the two strongest performers (UKHPI, England, June 2026).

What it means for you

If you are selling, the borough average is still 1.9 times the England average of £293,262, and the annual movement either way is small. A 0.8% fall on a £560,000 home is about £4,500, which is less than most people spend moving. It matters far more which of the four property types you own: detached owners are the ones who have actually lost ground this year.

If you are buying, the numbers say the discount is at the top of the market. Detached homes have given back the most, and flats are the cheapest they have been in the borough for a year. Nothing in this data tells you about a particular street, and a mean average in a borough this varied hides an enormous spread.

If you are a first-time buyer, the average paid is now just under £400,000, and it has barely moved in a year. Rail access is a large part of why the borough holds its premium: our Farnham train times and fares page sets out what the commute actually costs.

The figures will change. June’s average will be revised, probably more than once, as later sales are registered. The next monthly release adds July.

Postcode-level medians, which are a better guide to a specific area than any borough average, are on our Farnham house prices page.