Average rent prices and services charges are both going to increase by 2015, but the cost of renting a garage will remain the same.

The average rent hike is going to be 4.15 per cent and tenant services charges will increase from £4.98 a week to £5.05.

The council has more than 100 garages in the borough which are rented out and these will remain at the same cost of £10 or £15 per week depending on their location.

For residents on the Orchard Estate in Broadmead Road, Woodford Green, there will be a 10pc reduction in heating and hot water charges from April.

This is a result of improvements to the building’s efficiency including new loft insulation, draft proofing and new windows.