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An occupant of the property on Pound Rd in Yaldhurst, who does not want to be named, said he was woken about 7am by police at his door.
He said he was not sure what police were searching for at the property.
However, they told him they were executing a search warrant as a result of the people they had seen at the address.
"I'm not sure what they're searching for. You're not going to find anything," he said.
A police van with sirens - which is used when undertaking search warrants - was at the scene about 11am.
Four officers could be seen searching the property.
A police spokeswoman said no one was arrested at the address but a stolen trailer was located.