Crossword Genius

Noted national property (6)

Ross

I believe the answer is:

estate

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'property' is the definition.
(estate is a kind of property)

'noted national' is the wordplay.
'noted' becomes 'e' (I can't justify this - if you can you should give a lot more credence to this answer).
'national' becomes 'state' (national can mean state-owned).
'e'+'state'='ESTATE'

Can you help me to learn more?

(Other definitions for estate that I've seen before include "All of one's assets and liabilities" , "Possessions at the time of death" , "Car; landed property" , "Area of landed property" , "Property with large grounds" .)

I've seen this clue in the Evening Standard.
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