North Woolwich's history dates back to the Norman Conquest. Today, it's home to a lot of families and first time buyers. There are a lot of amenities for residents, including grocery stores, libraries, parks, good schools, and playgrounds. Woolwich also has a nice population of young professionals since it's an easy commute to the City and Canary Wharf.
The local DLR will whisk you into the heart of London. There is also a ferry service across the Thames to Woolwich proper so that you can take advantage of those trains as well; this ferry is free and moves quickly.
The neighborhood is definitely not a culinary hotspot. You'll find some fast food options and a couple casual restaurants. Just across the river in Woolwich you'll find much better restaurants. The nightlife here is nonexistent, so you'll need to head elsewhere for any sort of entertainment.
North Woolwich's boundaries include the London City Airport. While residents say noise from the small planes taking off and landing is not an issue, the airport is expanding its size and will be performing construction a night for several years, so if you do choose to live here you'll want to make sure your home isn't affected by the construction noise.
The City: 7.4 miles / 30-60 minutes by car / 35 minutes by transit
Canary Wharf: 4.5 miles / 15-25 minutes by car / 30 minutes by transit
Southwark: 7.6 miles / 30-55 minutes by car / 40-45 minutes by transit
Westminster: 9.6 miles / 35-80 minutes by car / 50-55 minutes by transit
Shoreditch: 8.3 miles / 30-50 minutes by car / 45-55 minutes by transit