Photograph of house in street (4)
I believe the answer is:
shot
'photograph' is the definition.
(shot is a kind of photograph)
'house in street' is the wordplay.
'house' becomes 'ho' (abbreviation for house).
'in' means one lot of letters goes inside another.
'street' becomes 'st'.
'ho' put into 'st' is 'SHOT'.
'of' is the link.
(Other definitions for shot that I've seen before include "streaked with colour" , "Wounded" , "Small drink; photograph" , "Fired; turn" , "Knackered" .)