Colston, in the Bingham Wapentake of Nottinghamshire, comes from the Old Norse male personal name Kolrand the Old English element tun ‘farm, settlement’. It is thus a hybrid name like others nearby, such as Thoroton and Aslockton.
Bassett was added in the twelfth or thirteenth century from the name of an owner of the manor. Such suffixes were used to distinguish this Colston from Car Colston, some eight miles to the north of Colston Bassett.