The most common and most likely answer to this crossword clue is the 5 letter word SITED
I've seen this crossword clue in The Daily Telegraph
S
I
T
E
D
More clues leading to the result SITED
- Located by eye — by ear?
- Spoken with vision, having been assigned position
- Layman separately makes the final 1 to be this at 23
- Found more than half ruined: destitute
- Positioned skittles unevenly at end of board
- . Investigators the journalist put in place
- Investigators have journalist put in place
- Investigators with journalist are in place
Buddy explains!

The straight part
We know that "Located" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case located = sited.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SITED mean?
SITED verb- To situate or place a building.