Lake Holmavatn on the Langanes peninsula in the Northeast, has an area of 0,5 km. It is shallow and situated 20 m above sea level. A brook from lake Skipholatjorn spills into it and it is discharged through Krossos to the sea.

The road to Eidi lies along the lake. It abounds in lake char and brown trout. The catch in lake Skipholatjorn is also quite good. Both lakes have been netted for a long time.

The distance from the capital 644 km by the Whale Bay tunnel and 15 km from Thorshofn.