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@bq
One more thing to consider with shared ownership is that your landlord will be a housing association. In my (sample size of one) experience HA's attract the staff that are too thick and useless to work in councils which means they are useless landlords and terrible when it comes to selling. HAs exist to make money from building homes, nothing more. Everything else they just pay lip service too, and badly.
On the one/two bedroom thing, an awesome flat will always sell, even with one bedroom. Valuation tends to be on square footage and location. My girlfriend's 1 bed in Hackney sold for 1.5 times as much as my 2 bed in Bethnal Green, because mine was spacious but modern and hers was bigger and in a cool Victorian factory conversion.