**** knows what's wrong with it, but you'd be better off just rolling it into a lake and buying something 1/2 modern. A nice Fiat Punto would suit you.
The sounds it's making would perhaps indicate that the damage caused by it may be more extensive than 'just' the bearing, even if that's the root cause.
has Sir checked the hub caps (one on the front) - a favourite trick used to be to put stones in to make a rattle.