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Two bed is nice (the constant stream of family members sleeping in my spare room will attest to that) but if one of your main criteria is the location then sacrificing that for an extra room isn't necessarily the best from a lifestyle point of view.
Even though I bought a two bed years back I never had any intention of having a lodger, a lot of people buy so that they don't have to share.
Assuming you're looking at the shared ownership which are mainly new builds the price differential does seem reasonably high. The one bed my friend bought recently is about 650sq ft which is a pretty liveable size and a lot appear to be about that size now.
aggi
Or just move further out until you can afford a two bed - it won't be far because as I said the one bed flat discount is tiny - and never get in dire financial straights at all because someone will always pay a hefty chunk of your mortgage for you to stay in your spare room. This is tax free and this is a trick you can only early on in your life but as time goes on it becomes much harder.
One bed modern flats are bankers crash pads only.