It is located in the Chiltern Hills, approximately one mile to the north east of Chalfont St Peter village centre.

Chalfont Common is 19.7 miles (31.7 km) west-north-west of Charing Cross, central London.

Housing of all sorts developed around and on the common, some dating back to the 1890s.

[2] In the 1960s a post office was constructed on the common, which has since closed.

According to local tradition, the monument either commemorates a hunt attended by George III, or an incident in which the king got lost in the forest surrounding the monument.