Walesby, in the Bassetlaw Wapentake of Nottinghamshire, comes from the Old Norse male personal name and nickname Valr which denotes ‘hawk’ and the Old Norse element by ‘a farmstead, a village’.
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J.E.B. Gover, Allen Mawer and F.M. Stenton, The Place-Names of Nottinghamshire. English Place-Name Society Volume XVII (1940), pp. 63-64.