The most common and most likely answer to this crossword clue is the 7 letter word REPUTED
I've seen this crossword clue in Financial Times
R
E
P
U
T
E
D
More clues leading to the result REPUTED
- Place covered by grass is viewed well
- Alleged grass gets put inside
- Place overgrown by grass is known
- Highly regarded place beset by grass
- Said to be set down in the grass
- Reckoned pop’s in a rush
- Thought about getting place with journalist
- Criminal erupted, it’s alleged
- Believed to be like Moses?
- Thought of place in instrumental part
Buddy explains!

The straight part
We know that "Said to be" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case said to be = reputed.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 REPUTED mean?
REPUTED verb- To attribute or credit something to something; to impute.
- To consider, think, esteem, reckon (a person or thing) to be, or as being, something
- Accorded a reputation.
- Supposed or assumed to be true.