Looks to me like the KO is about right for this car. To re-build a car like this may be a great satisfaction but in the end it will cost you far more than the car is worth.
To start off with you would need to be sure it is a genuine Morgan and not a copy. If it is a copy it is definitely not worth touching.
You then need to be sure that you can actually get the authority to approve it to get it back on the road. Regulations differ from one country to another.
Most people who start these projects never finish them and then pass them on to someone else at a loss.
Unless you are a mad keen do-it-yourself restorer I would suggest that you look for something that is roadworthy or has been restored by someone else. In the latter case it will most likely cost you less than it has cost the person who restored it.
I do speak from personal experience: not a Morgan but a Maserati.
In any case welcome to the forum and the idea of Morgan ownership. The classic British sports car is great fun and fits in well if you are thinking of something more comfortable but with much of the same feel as motorcycling.
Last edited by Gambalunga; 06/04/19 04:17 PM.