LSH launches new online property auction platform, 574.co.uk

Lambert Smith Hampton (LSH) has launched a new digital property auction platform – www.574.co.uk- embracing technology to achieve a more immediate, accessible and simplified channel for sellers and buyers across the Northampton and Milton Keynes region to transact.

The 574.co.uk team (from left) Kate Babbage, Emmanuel Alade, Max Mason, Ezra Nahome, Jeremy Green, Izzy Watterson and Tom Moreton.
The 574.co.uk team (from left) Kate Babbage, Emmanuel Alade, Max Mason, Ezra Nahome, Jeremy Green, Izzy Watterson and Tom Moreton.

The national commercial property consultancy has piloted its online auctions offering and has already sold more than 60 properties on behalf of clients, with an average 18% premium above expectation.

Lots have varied in size from £20,000 to £11m. Clients span private, public, and institutions large and small, including the public sector, of which LSH is the largest player in the UK.

The early success of the platform has seen a host of LSH clients, including the Ministry of Defence, move exclusively online.

The new 574 platform takes the form of eBay-style selling; bidders are vetted thoroughly online and, once approved, are free to bid on any property on the day of sale. It’s a simple, instant and clear way to transact.

Dudley Cross, head of office for LSH in Milton Keynes and Northampton, said:

“Technology continues to change the face of how we all interact and buy services. Property is no different. This highlights the need for change. The whole process is simplified given we can now list and transact within days. Our people and national network is key to the platform, ensuring our clients continue to get extensive in-depth advice with the benefit of the localised property knowledge that they seek. 574.co.uk delivers a secure, transparent and best value outcome with a global reach."

“We have a dynamic property and digital team led by Max Mason, head of sales. We are excited to welcome new buyers and sellers to 574.”

For more information, or to see current live lots, please visit http://574.co.uk