Sounds like the stepper motor has got itself stuck.
When it winds into the lowest resistance it is very close to getting stuck.
Take the covers off, undo the two screws hold the stepper motor on and slide it out backwards.
No need to undo the small cable connection to the PCB but be sure not to strain it.
Once the stepper motor and magnet carrier are free from the turbo wind the carrier by hand down the brass screw.
If it was a bit tight to start with that confirms the diagnosis.
To prevent this happening again try and get some small thin washers between the stepper motor and the trainer body before putting the two screws back in.
Before you do any dismantling once you have the covers of switch the turbo on and look see what it going on. Press the reset motor a couple of times if need be.
Happy to send some phots if you need them.
I noticed a similar sound to @theboxers last night from my turbo. When I switched on there was a reverberating sound for a few seconds, which stopped and then repeated a second time.
I'm wondering if my stepper motor was getting stuck then this may explain the low watts I've been experiencing the last couple of weeks but I can't see how. If the motor were stuck in an 'easy' position then I'd expect to be getting higher watts (as the roller speed would be higher than I'd normally push). Conversely, if the motor was stuck in a 'hard' position I would get low watts, but my speed would also be low (and if anything I've been going quicker recently).
Thanks for posting the instructions/pics @AAAC 76C. I'll take the covers off tonight and have a close look and try adding some thin washers as you have described if it looks appropriate. One question though...would adding washers constitute 'mechanical doping'? (i.e. would the magnets essentially be the thickness of the washer further away from the flywheel plate and therefore a little bit 'easier'?)