Distance estimation plays an important role in location-based services, which has become very popular in recent years. In this paper, a new short range cricket sensor-based approach is proposed for indoor location applications. This solution uses Time Difference of Arrival (TDoA) between an optical and an ultrasound signal which are transmitted simultaneously, to estimate the distance from the base station to the mobile receiver. The measurement of the TDoA at the mobile receiver endpoint is proportional to the distance. The use of optical and ultrasound signals instead of the conventional radio wave signal makes the proposed approach suitable for environments with high levels of electromagnetic interference or where the propagation of radio frequencies is entirely restricted. Furthermore, unlike classical cricket systems, a double-way measurement procedure is introduced, allowing both the base station and mobile node to perform distance estimation simultaneously.