Dwelling can be refurbished now he's out (4,5)
I believe the answer is:
town house
'dwelling' is the definition.
(town house is a kind of dwelling)
'refurbished now he's out' is the wordplay.
'refurbished' indicates anagramming the letters.
'now'+'hes'+'out'='nowhesout'
'nowhesout' is an anagram of 'TOWN-HOUSE'.
'can be' acts as a link.
(Other definitions for town house that I've seen before include "Fashionable urban dwelling" , "accommodation" .)