Home page shows 404 error

I just created a new site using wordpress, but for some reason the home page is showing the 404 error and I am at my wit’s end trying to work it out.

To create the front page as being static, I have done the following:

Settings > Reading > Front page displays – selected a static page
Created a new page and titled it home and used that as the static home page

But, I cant seem to make the home page show up.

I am sure it must be something really simple that’s the problem, but I dont know what.

Can anyone suggest something?

Thanks