Unable to configure Image Registry for single node cluster

Issue

• Using Local Storage volume for configuring Image Registry PVC stuck at pending state with below events:

$ oc get pvc -n openshift-image-registry
NAME                     STATUS    VOLUME   CAPACITY   ACCESS MODES   STORAGECLASS   AGE
image-registry-storage   Pending                                      local-sc       2m28s

$ oc describe pvc image-registry-storage -n openshift-image-registry
.....
Events:
  Type    Reason                Age                    From                         Message
  ----    ------                ----                   ----                         -------
  Normal  WaitForFirstConsumer  2m16s (x4 over 2m52s)  persistentvolume-controller  waiting for first consumer to be created before binding
  Normal  WaitForPodScheduled   76s (x4 over 2m1s)     persistentvolume-controller  waiting for pods image-registry-xxxxxxxxxxxx,image-registry-xxxxxxxxxxxx to be scheduled
.....

• Due to this Image Registry pod is also stuck at a pending state with the below events:

$ oc get pod -n openshift-image-registry
NAME                              READY   STATUS    RESTARTS   AGE
image-registry-xxxxx-xxxxx   0/1     Pending   0          2m54s

$ oc describe pod image-registry-xxxxx-xxxxx -n openshift-image-registry
......
Type     Reason            Age                 From               Message
  ----     ------            ----                ----               -------
  Warning  FailedScheduling  35s (x21 over 19m)  default-scheduler  0/1 nodes are available: 1 node(s) didn't find available persistent volumes to bind.
.......