Have you been and hung out there?
There has been massive gentrification in the last 5 years but it is still pretty rough around the edges. At night it is a bit rave central, and there is plenty of graffiti (e.g. all over the windows of the new build flat block by the grocery shop) and people selling NOS and stuff.
Daytime it is much more cafe/bar in the sunshine on the canal vibe. NIce. Vicky park is just across the road.
Big supply of new build flats there.
Geographically cut off by the canal, and A12. Transport links aren't amazing IMO - 20 min walk to Statford or jump on the overground for one stop. Better if you are into biking to work. Easy to get the train to Hackney Central for the restaurant and bar scene there.
Personally I love HW and I was keen to buy a flat in the Omega Works block back in 2012 when the 1000 sq ft 2 bedders were 380/400k - now they are c.600. Didn't work out then and by the time I was in a position to buy prices had shot right up.
The newer blocks don't have Omega works flat sizes or position but obvs are newer.
I am not sure if I would buy there with a small child. To me it is much more "young-professional party scene" than "baby zone".
Expect you would be in the catchment for that rather nice looking primary across the canal though.