Search

Company advertises big returns to investors on 2,500 burial plots in Rainham Cemetery

PUBLISHED: 07:00 14 October 2016

Rainham Cemetery

Rainham Cemetery

Archant

An investment firm is hoping to take advantage of the capital’s “long-term burial crisis” by encouraging shrewd investors to buy up burial plots.

Rainham CemeteryRainham Cemetery

Birmingham-based Harley Investments is advertising 2,500 plots available at Rainham Cemetery to potential buyers, with the promise of 40per cent returns on their money within just two years.

Interested parties would have to buy a minimum of four plots at £2,400 each at the cemetery to secure a deal.

The 22-acre land is located on the western side of the cemetery site and is said to be “surplus”.

Developers bought the spare land, which already had permission for cemetery use, from the Federation of Synagogues for £8.3million in August.

The plots are within the original 106-acre site of Rainham Cemetery, which opened in 1936.

Harley Investments says it is taking advantage of a long-term crisis in the capital, with spaces running out and prices rising substantially as a result.

An audit of burial space conducted by the Greater London Authority last year found eight boroughs were completely full, with no space for new burials.

Another 10 boroughs were deemed to have a “critical” problem, and were predicted to exhaust all available space by 2021.

Havering did not feature in either list.

Chief executive of Harley Investments Christian Hipkiss defended the idea of investing in burial plots.

“What we are providing is choice, something that is vitally needed in London with the shortage of burial plots,” he said. “What better way is there to pay respects to a loved one than by providing them with something of the highest quality?”

Latest Romford News Stories

Police have confirmed that a man has died in a crash involving two cars and lorry on the M25 near Romford which caused gridlock throughout east London’s road network this morning (Tuesday, October 16).

17:00

The council is asking for your opinion on whether the centre in Rainham should stay open.

12:00

Students embraced their creative side to shoot promotional videos for a Havering mental health charity as part of CEME Launchpad Centre’s Young Entrepreneurs Programme.

A 19-mile diversion has been put in place to alleviate severe traffic which is mounting on the M25 near Brentwood following a serious crash.

07:00

The pub industry in Havering, worth around £56million, could take a hit if beer duty in the budget unveiled by the chancellor later today (Tuesday, October 16), Britain’s Beer Alliance has warned.

Yesterday, 17:14

It might have a twitter account dedicated to parodying its daily delays, but c2c has been named the best train operator in the country at a prestigious rail industry awards night.

Yesterday, 15:00

A dedicated volunteer at Barking, Havering and Redbridge University Hospitals NHS Trust is preparing to jump out of a plane to raise funds for charity.

PROMOTED CONTENT

Vauxhall has completed its sport utility vehicle range with the third, and largest, Grandland X. We put the SUV, now available at Tony LeVoi in Romford, to the test.

“The time to repair the roof is when the sun is shining,” so the saying goes. So if some warm weather is making your conservatory uninhabitable, think about replacing its roof with a flat one and adding a roof lantern instead.

The next step in renewable energy could be right beneath your feet as you walk through a Romford shopping centre.

Newsletter Sign Up

Romford Recorder twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Education Promo

News from your area

Digital Edition

cover

Enjoy the
Romford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now