Well I winched the arse end of her off the floor tonight to do some further investigations. It seems to be doing clicks in sets of 3, about 3 times a rear wheel revolution. Given that the front sprocket has 15 teeth and the rear 43, that works out roughly to one set of clicks every revolution of the front sprocket.
Both sprockets look to be in good condition, and I gave the chain a thorough clean and lube.
Took the rear wheel off, pulled the chain out the way and started spinning the front sprocket with a speed brace - no noise.
Close inspection of the chain reveals nothing obvious, so I'm not entirely sure what the noise is. Wheel bearing feel lovely and smooth But I'm guessing its nothing serious at the mo

Oh yeah, found a fecking nail in me tyre at the same time
