The ponds are thought to have been created in the 17th century as hammer ponds for the iron industry.
Robert Hunter and Waggoners Wells
Near the ford, there is a memorial stone to Robert Hunter, one of the founders of the National Trust. He was involved with the acquisition of Ludshott Common in 1908, and Waggoners Wells was purchased in 1919 in his memory.
Lichens
The old trees here at Waggoners Wells are important for the lichens – 90 types have been found here.