Self Build Land Development Opportunity in Chorleywood - Advice needed

[KuriousiDy]

Hi,
I am a very long time lurker on this site. When I first moved to this country, I used this site a lot to learn about schooling and other stuff. This is my first time posting; please be gentle. We were thinking of buying a property (very early stages) and hence having a browse. I came across this self build land development opportunity and have these questions
www.rightmove.co.uk/properties/106321952#/?channel=RES_NEW

1. How is self build land development supposed to work
2. Will banks lend for both the cost of the land as well as development
3. Given the area in which this land is located, is this price reasonable? What should I watch out for when buying something like this?
4. How do I estimate the price of this land? I am very new to property transactions in UK. Hence, my questions may be very basic. Thanks in advance

I know nothing about self build or land valuation, but I do know the road very well!

Currently, there is a 4 bed detached on the market for £1,095,000 which about right I think. If you are interested in that particular plot, there is an estate agents literally at the top of the road who may be able to advise on approximate values for that area.

If you do want any more info on the area, please do PM me.

@Iknowtheanswer Thank you very much for the quick response. Much appreciated

bump...

@KuriousiDy what did you decide to do OP?