Three Lakes Valley is a low valley containing three freshwater lakes, extending from the vicinity of Elephant Flats northward to Stygian Cove on Signy Island, in the South Orkney Islands. The three lakes, from north to south, are Heywood Lake, Knob Lake, and Pumphouse Lake. The valley was surveyed and given this descriptive name by the Falkland Islands Dependencies Survey (FIDS) in 1947.