House belonging to retired Alec Ned is erecting (9)
I believe the answer is:
residence
'house' is the definition.
(residence is a kind of house)
'belonging to retired alec ned is erecting' is the wordplay.
'retired' says the letters should be written in reverse.
'belonging to' says the answer is hidden in the clue (I've seen this in other clues).
'ecnediser' is hidden within 'alec ned is erecting'.
'ecnediser' in reverse letter order is 'RESIDENCE'.
(Other definitions for residence that I've seen before include "flat, say" , "The White House" , "Dire scene (anag.)" , "Dwelling place" , "Person's home" .)