Weather-tightness issues and the historic classification's restriction on renovations and modernisation put off many prospective purchasers.
Hulme Court had been continuously lived in and new owners Lina and Suhardiman Ijawan wanted to see it conserved, maintained and adapted for appropriate use, said Antony Matthews, of Matthews & Matthews Architects.
A conservation plan allowed for respectful improvements for modern bathroom and kitchen facilities and upgrading of power and drainage.
Outside, research into the home's genuine historic elements guided restoration work on the garden, roof, veranda, joinery, original bluestone walls and later timber-clad additions.
"She doesn't smell damp or feel cold anymore," said Mr Matthews.
"We've put on a whole new roof - she is wearing a Gortex raincoat now that should last her another 50 years," said Mike Mattin, project manager for Joyce Group building consultants.
"It was a journey of discovery - you don't know what's under there until you start stripping the elements off.
"We spent a couple of hundred thousand dollars on structural strengthening in the roof space that we really did not anticipate.
"But we had an owner who has a passion for old buildings and his expectations were very much in line with the heritage people from the Historic Places Trust and Auckland Council."
This made the project unusual, said Dr Bryan Pooley, council built heritage specialist.
"It's the oldest occupied house on its original site in Auckland.
"We had a private person undertaking the work where normally most people undertaking a restoration like this want public money to help them along," he said. "But this owner was prepared to take advice from a conservation architect, the Historic Places Trust and the council's heritage team and was prepared to keep going as the bills mounted up.
"As a result, the New Zealand public have a good restoration of the building paid for by private money."
Dr Pooley and Historic Places Trust heritage adviser architecture Robin Byron said the project was not straight forward but turned out to be a model of how teamwork and care could give a stunning result.
The project received $65,000 from the trust's preservation incentive fund for Category 1 historic places. The owners live overseas and Hulme Court's future may be as commercial premises rather than residential, or a mixture of both.