Lake Selvatn is 2 km west of highway 94 in Hjaltastaðaþinghá at Héraði. It is southeast of lake Krókavatn, at 30 m above sea level and about 0.27 km². There are quite good trout in the lake and there have been quite a few 2–4-pound fish. Fishing rights in Selvatn are divided between the farms Bóndastaðir, Dratthalastaðir, Ekra and Laufás. One rod is sold for the land of Ekra, but it is about a 40-minute walk from the farm to the lake. Bóndastaðir is deserted and no permits are sold at Laufás. Residents of Dratthalastaðir have allowed fishing for their land. The quickest way to get to the lake is to walk from Highway 94, it is about a half hour walk.