Direction from town, or thereabouts (5)
I believe the answer is:
north
'direction' is the definition.
(north is a kind of direction)
'from town or thereabouts' is the wordplay.
'from' says the answer is hidden in the clue.
'NORTH' can be found hidden inside 'town or thereabouts'.
(Other definitions for north that I've seen before include "Direction that's usually "up" on a map" , "Towards top of map" , "To the left of one who is facing east" , "Arctic" , "Pole" .)