The pic is taken just short of where the Blackwater roundabout is now on the A30 at Camberley looking west. The concrete elephant is still there and you can see gas holders in the background of the pic which have been demolished although their sites are still empty next to what is now the A331.
If it is genuine, then the DC-8 is on a low base leg for 25 at Blackbushe which is about 4000' and at a mile or so was about 1000' longer before the eastern end of the runway returned to common land in the 1960s - 21 at Biggin is about 5000' and has hosted the Orbis DC-8 and possibly their DC-10 at one of the air fairs 20 or 30 years ago.
I suspect the DC-8 has been stripped into the pic though...