Hi.
i have what sounds like the same noise coming from the same place.
At first i thought it may be a brake binding, or a warped disc that was rubbing as it sounds a bit like that, but having checked those out it isnt. I have checked for fluid leak and cant see anything. Changed the tyres incase it was that......still nothing!
Not the exhaust cos i checked that.
if i were you, i'd try ruling out the above first as they are fairly easy to do.
The only things left i can think of are handbrake shoes catching, or a transmission issue.
My car drives fine other than not so smooth gear changes, which should be better when i change the atf, so for the mo, a loud radio fixes my problem!
if none of that hellps then i would check the differential (i think its that in the bell housing at the back between the two rear wheels) although i dont now how (yet) as in my limited opinion, it may be a wear issue there. till i find out how to check this, i guess the radio will suffice.
I'm sure others will be along with more helpful input, but thought i'd let you know what i started to check, for what methinks be the same problem.
Oh yea, does yours make the noise so bad if rolling without stepping on the accelerator?