Lambert Smith Hampton (LSH) has launched its new online auction platform

January 29, 2019

Lambert Smith Hampton (LSH) has launched its new online auction platform, branded 574.

Understanding the need to embrace technology to achieve a more immediate, accessible and simplified channel for sellers and buyers to transact, LSH launches a new digital property auction platform – 574.co.uk.

To date, LSH 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. Early success of the platform has seen a host of LSH’s clients, including the MoD, 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.

Ezra Nahome, CEO of LSH, commented: “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 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. “

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