It's looking better by the minute!!
I dismantled the ABS module plug which gave me the pin-outs allowing me to continuity and resistance check the sensor circuits.
Front L and R Sensor circuits were OK with continuity and a resistance nominally 380 - 390 Ohms. This ties in with my previous measurments.
The Rear Sensor circuit had continuity, suggesting that the cabling was fine, but showed an initial resistance of about 10 Mega Ohms which rose slowly until it settled at about 25 Mega Ohms. So there is my problem. Disconnecting the sensor plug and linking across the terminals, the resistance along the cable run was less than 1 Ohm, so the cabling's fine. The check of the sensor was 10 - 25 Mega Ohms.
I checked both sensor and cabling a few times to be sure, so it looks like my earlier measurements were rubbish!
This means a faulty Rear Sensor.
It looks a pain to change when you've no ramps or pit but I'll get one this week and get it fitted. Hopefully then, the problem will be solved and this is one of the MOT failures resolved. GRoB.
For information, the pinouts for the ABS plug are as follows: