Andy, I used to live just down the road in Holybourne, before that Four Marks.
On the restoration front I have not done a Morgan but I did restore a flat floor E-Type, it was not all there at the start, shell was gone in the bulkhead, had engine, gearbox and axle, wheels, some of the chrome work and a lot of interior gone except for dash and clocks.
My experience went like this, get many books on E-types and read them a lot, speak to those that knew flat floor e-types (only just over 200 built). Spent 1 year searching for a genuine usable original shell (came from USA). Spend the next 4 years when not working on the car searching for missing parts, returning the wrong parts when sent, then getting the right ones fixed. Spend 2 years in a shed at weekends, cold in winter and hot in summer, rectifying issues and panels on the shell and bonnet (even though no rust it had minor rear and front damage in its life, and the floor had been modified for a V8). Learn how to braze, mig weld, lead load, panel beat and prepare a car body from scratch. Once ready bolt it all back together and then work out how wire it up and repair the loom. Once on wheels check out if it starts and then finish it.
I started it 25 years ago and sold it 6 years later not quite finished, I just about got my money back. Would I do it again, NO, some of it was enjoyable but most of it was a hard slog, finding stuff and getting things fixed properly was often very frustrating.
So if you have got lots of free time, practical experience and want a challenge then have a go. If what you really want is a working Morgan to enjoy, sell it and find one that works and does not need major restoration.
