Woking's average fell 2.7% in a year to £437,628 in August, the steepest fall in Surrey, and it is now the county's cheapest district. Flats fell 5.1%.
Woking is now the cheapest place to buy a home in Surrey. The average home in the borough sold for £437,628 in August, down 2.7 per cent on August 2025. That was the steepest annual fall of Surrey’s eleven districts.
The figures come from the HM Land Registry UK House Price Index, published this week.
In cash, the average Woking home is £11,964 cheaper than a year earlier. Across England, 107 of 295 local authority districts recorded an annual fall, and Woking’s was the 25th steepest.
One caution before the detail. The index is a mean average, not a median, and it is mix-adjusted across the whole borough. A month’s figure is also provisional. Last month’s was revised this week, as we explain below.
Why the annual fall looks worse than the month
Prices did not fall in August. Between July and August the Woking average rose 0.2 per cent.
The bigger annual fall comes from the comparison month. Last August the borough average jumped 1.9 per cent in a single month, to £449,592. That is the highest point in the past year, so August 2026 is being measured against a peak.
The low point of the year was £428,542 in June 2026. Since then the average has risen about £9,100. It remains £35,595 below the borough’s record of £473,223, set in October 2022.
Flats fell hardest
Every property type was cheaper than a year ago. Flats fell more than twice as fast as houses:
| Property type | Average, August 2026 | Annual change |
|---|---|---|
| Detached | £926,161 | -2.3% |
| Semi-detached | £483,646 | -1.2% |
| Terraced | £383,312 | -1.2% |
| Flat or maisonette | £250,028 | -5.1% |
Woking has a large flat market for a Surrey borough, much of it in the town centre towers. A falling flat average pulls the borough figure down further than it would elsewhere in the county.
A first-time buyer paid an average of £332,691, down 2.9 per cent. A home mover paid £578,458, down 2.4 per cent.
Cheapest of Surrey’s eleven districts
Woking last sat at the bottom of the Surrey table in February. It is back there in August, £3,184 below Spelthorne:
| District | Average price, August 2026 | Annual change |
|---|---|---|
| Woking | £437,628 | -2.7% |
| Spelthorne | £440,812 | -1.6% |
| Surrey Heath | £457,981 | +1.5% |
| Runnymede | £472,507 | -1.2% |
| Reigate and Banstead | £485,856 | +0.3% |
| Tandridge | £506,774 | -1.1% |
| Guildford | £537,660 | +0.6% |
| Mole Valley | £552,344 | +1.4% |
| Waverley | £559,306 | -2.0% |
| Epsom and Ewell | £566,163 | +3.2% |
| Elmbridge | £735,548 | +0.7% |
Five of the eleven districts fell over the year and six rose. Two of Woking’s neighbours, Guildford and Surrey Heath, both rose. The Surrey average was £524,334, down 0.2 per cent, which puts a Woking home about £86,700 below the county average.
Against the wider picture, Woking is still expensive. England averaged £293,525 in August, up 0.4 per cent. The South East averaged £379,953, down 0.8 per cent.
July was revised down
The July figure we reported last month has changed, and it changes the story we told.
When it was first published, Woking’s July average stood at £439,916, just 0.3 per cent below a year earlier. We reported that the borough’s fall had nearly disappeared. HM Land Registry now puts July at £436,752, down 1.0 per cent. That is £3,164 lower than first published.
Every month in the index is provisional. Late sale completions keep arriving for several months, so first estimates are routinely revised. It is the reason a single month’s figure is worth less than the direction over several. The August figure in this story will be revised too.
What it means for you
If you are buying, Woking now offers the lowest average price in Surrey. The gap to Spelthorne is small, though, and the two have swapped places several times in the past year.
If you are selling a flat, yours is the type that fell most, by 5.1 per cent. Price against recent sales of similar flats nearby rather than the borough average.
If you are selling a house, the annual fall for semis and terraces was 1.2 per cent. The borough figure overstates what has happened to most houses.
Before you offer on anything, check the council tax band, which follows the property, and search the planning register for anything proposed nearby. Our Woking house prices page has the longer picture, including how the villages compare.
Sources
- UK House Price Index, Woking borough, HM Land Registry, for the borough average, the property-type and buyer-type figures and the annual and monthly changes.
- UK House Price Index full data file, August 2026 release, HM Land Registry, for the England-wide district ranking, the Surrey table, the revised July figure, the monthly series and the October 2022 record.
- UK House Price Index reports, HM Land Registry, for the revision policy.
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