Pleasant estate's fencing stakes (5)

I believe the answer is:

antes

'stakes' is the definition.
(anteing is a kind of staking)

'pleasant estate's fencing' is the wordplay.
'fencing' indicates the answer is hidden within the clue (some letters fenced in).
'ANTES' is hidden in the letters of 'pleasant estates'.

I've seen this clue in The Telegraph.

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