Hi
I looked at that car as well but decided to go for something newer. Its been on the market for a long time and let's be honest you will not see another Morgan being sold so cheaply in Norway. Most things can be fixed and it sounds you want to do it yourself. The one area you really need to check is the ash frame.
Im sure you could get the price down a lot probably under 100k since it's been on the market for so long.
Where do u live in Norway I'm in trondheim.