You can use Regex with a value converter in such situation.

Use this for your requirements (original idea from here):

    private Regex regex = 
        new Regex(@"\[a\s+href='(?<link>[^']+)'\](?<text>.*?)\[/a\]",
        RegexOptions.Compiled);

This will match all links in your string containing links, and make 2 named groups for each match : link and text

Now you can iterate through all the matches. Each match will give you a

    foreach (Match match in regex.Matches(stringContainingLinks))
    { 
        string link    = match.Groups["link"].Value;
        int link_start = match.Groups["link"].Index;
        int link_end   = match.Groups["link"].Index + link.Length;

        string text    = match.Groups["text"].Value;
        int text_start = match.Groups["text"].Index;
        int text_end   = match.Groups["text"].Index + text.Length;

        // do whatever you want with stringContainingLinks.
        // In particular, remove whole `match` ie [a href='...']...[/a]
        // and instead put HyperLink with `NavigateUri = link` and
        // `Inlines.Add(text)` 
        // See the answer by Stanislav Kniazev for how to do this
    }

Note : use this logic in your custom ConvertToHyperlinkedText value converter.