Godalming is situated in the Surrey Hills, 5 miles from Guildford. The historic town centre is in the valley of the River Wey, and was a half-way coaching stop between Portsmouth and London (the current A3); hence the number of old pubs and coaching houses in and around the High Street. The River Wey also joins the Wey Navigation canal at Godalming, and a visit to Farncombe Boathouse - where you can hire rowing boats and punts - is to be recommended.
Nearby Winkworth Arboretum on the way to Hascombe is also worth a visit.
For those interested in garden history and architecture, there are a couple of excellent examples of Gertrude Jeykll gardens in nearby Munstead, as well as some fine Edward Lutchyns houses in the area.
The Watts Gallery in Compton is also worth a look.
Godalming Museum in the High Street has details and information of the above, as well as other local attractions and places of interest.