Waverley Abbey was the first Cistercian abbey in England. It was founded in 1128 by William Giffard, Bishop of Winchester. Located in Farnham, Surrey, about 2mi southeast of the town centre, the abbey is situated on a floodplain, surrounded by current and previous channels of the River Wey. It was damaged on more than one occasion by severe flooding, resulting in rebuilding in the 13th century. Despite being the first Cistercian abbey in England, and being motherhouse to several other abbeys, Waverley was "slenderly endowed" and its monks are recorded as having endured poverty and famine.
The abbey was closed in 1536 as part of King Henry VIII's Dissolution of the Monasteries. Subsequently largely demolished, its stone was reused in local buildings, including "Waverley Abbey House", which was built in 1723 in the northern portion of the former abbey precinct.
Waverley Abbey House, the ruins of the abbey and the surrounding land are all part of a conservation area. The house is a Grade II* Listed building and the ruins a Scheduled Ancient Monument.
The ruins of the abbey are currently managed by English Heritage and open to the public.